Public investment Stories
Kenya’s Cabinet has approved a Sh5 trillion strategy anchored on new infrastructure and sovereign wealth funds to expand roads, dams and energy while...
Parliament’s investments committee has queried over Sh1 billion in unsupported spending and irregular staffing at NKPCU, demanding documents on coffee...
The proposal follows concerns over discrepancies in reported debts and the rising penalties that have pushed total liabilities beyond Sh80 billion.
Mbadi said the arrangements fall outside the budget financing framework and therefore cannot be classified as public debt.
The Auditor-General flagged Sh8.8 million in unsupported general expenses for 2019 due to missing vouchers, despite KSG claiming it had submitted the...
NOCK is unable to meet its recurrent expenditures, owes over Sh7.4 billion in debt, and is at risk of defaulting on loans from major banks.
Governor George Natembeya admitted that there were issues with staff performance and discipline, noting that some officers failed to attend capacity-b...
NOCK’s Chief Executive Officer Leparan Gideon Ole Morintat told the committee that the firm is in a difficult financial state and explained the deal w...
Among the flagged issues were expenditures outside the designated periods, stalled construction of an engineering tuition block, and failure to comply...
MPs warned that the Authority’s under-expenditure had undermined its ability to provide effective services.
The committee’s review highlighted the need for strict adherence to the hospital’s policies and procedures, ensuring that such irregularities do not u...
Vice Chancellors and Principals were summoned to explain the use of hundreds of millions on Enterprise Resource Planning (ERP) systems that have not p...
Gathungu highlighted concerns over the improper utilisation of billions in loans and recommended measures to prevent avoidable financial burdens.
The National Assembly committee is now calling for greater transparency and oversight in KEMSA's distribution system.
Audits revealed troubling findings, such as numerous incomplete projects, significant pending bills, and delays attributed to contractors.
Despite Ngilu's absence, the Senate committee questioned former Kitui County Chief Officer of Trade and Investments, Justus Makau.
The Committee, chaired by Pokot South Member of Parliament David Pkosing, wants to discover why the steam plant has remained dormant for a decade.
The suggested revision aims to make it obligatory for foreign investors to apply for an investment certificate, ensuring adherence to the requirements...
The Public Investments Committee had made recommendations in its 21st report to the 11th Parliament that the Ministry of Water and Irrigation guarante...
From world-class footballers to a new national airline and even a speciality shop serving camel milk gelato, the Public Investment Fund (PIF) has spla...
