Public Finance Management Stories

Controller of Budget launches investigations into suspect bank accounts in counties
Lucy Mumbi  |  Feb 08, 2025

Nyakang’o said her office is scrutinising the accounts to determine when they were opened, who manages them, and their intended purpose.

Cabinet approves bills to streamline project funding, boost traders' access to credit
Lucy Mumbi  |  Jan 21, 2025

The bill, which amends the Public Finance Management Act, 2025, requires state agencies to open project-specific bank accounts for funds allocated to...

MPs want time to review budget policy statement extended by seven days
Maureen Kinyanjui  |  Jan 15, 2025

The amendment, introduced by Uasin Gishu Woman Representative Gladys Boss Shollei, seeks to modify Section 25(7) of the PFM Act.

Programme to curb public sector fund mismanagement launched in Nairobi amid rising graft
Alfred Onyango  |  Nov 29, 2024

The capacity-building initiative seeks to address the persistent challenges by developing the leadership and governance capacities of top state offici...

Report reveals Kenyan government borrowed Sh258 billion in 11 new loans
Maureen Kinyanjui  |  Oct 05, 2024

The report, presented on October 1, reveals that the loans were sourced from both multilateral and bilateral lenders.

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