spending Stories

Building Kenya’s financial future: Wealth through smart saving and spending
Margaret Wanjiru  |  May 26, 2025

According to Thakar, the antidote to lifestyle creep is developing a disciplined financial mindset focused on delayed gratification and prioritising l...

Public universities in crisis as MPs warn of financial ruin
Maureen Kinyanjui  |  Apr 26, 2025

Education Cabinet Secretary Julius Migos Ogamba admitted that the sector is facing deep-rooted challenges.

Nyakang’o flags Public Works department over Sh1.34 billion spent on non-existent projects
Maureen Kinyanjui  |  Mar 24, 2025

The lack of progress despite the substantial expenditure has raised concerns over possible financial mismanagement within the department.

Ruto’s administration withdrew Sh1.3 trillion manually in seven months - CoB
Lucy Mumbi  |  Mar 02, 2025

Treasury CS John Mbadi distanced his office from responsibility, saying individual accounting officers should explain why payments were processed manu...

New Bill seeks to freeze government spending, hiring before elections
Lucy Mumbi  |  Feb 24, 2025

If passed, the law will also halt payments exceeding Sh50 million, tightening financial controls to prevent last-minute spending by outgoing administr...

Business sales dipped in Q4 as Kenyans cut back on Christmas spending
Alfred Onyango  |  Jan 29, 2025

he brunt felt by businesses in the quarter under review could also be a result of the static income trends which dominated during the review period.

Counties to join Treasury’s single account system as state streamlines management of public funds
Maureen Kinyanjui  |  Jan 16, 2025

Under the TSA system, public funds will be managed more centrally, reducing idle balances in various accounts held by government agencies and counties...

Ministry of Defence records highest spending of Sh40 billion in three months
Lucy Mumbi  |  Dec 29, 2024

The CoG’s report highlighted that these expenditures reflected a disregard for the austerity measures announced by President William Ruto.

Defence, Interior ministries exposed over failure to give emergency spending details
Lucy Mumbi  |  Dec 16, 2024

Gathungu flagged the inclusion of these activities in a supplementary budget approved during the year under review, questioning their legitimacy.

Audit shows Sh14 billion lost in Kenyan public universities through corruption
Maureen Kinyanjui  |  Nov 20, 2024

Report highlights weaknesses in financial oversight and governance, including irregular payments, unsupported expenditures, dubious contracts, and bre...

Controller of Budget rejects Sh58bn in spending requests by Ruto administration
Barack Oduor  |  Jun 03, 2024

CoB is yet to approve Sh700 million spent in the construction of a modern presidential dais at State House. The CoB also did not approve the Sh400 mil...

Govt suspends procurement, printing of corporate wear by state organs
Manny Anyango  |  Mar 27, 2024

Head of Public Service Felix Koskei further ordered the suspension of the purchase of promotional items such as calendars, diaries, umbrellas, power b...

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