The Auditor-General, Nancy Gathungu, has flagged the National Treasury over the alleged diversion of Ksh 30 billion from Eurobond proceeds to cover domestic Treasury Bond shortfalls, a move she says breached the terms of the sovereign bond agreement and raised concerns over fiscal accountability. “The utilisation of the sovereign bond proceeds to cover the Treasury
A report by the Office of the Auditor General has raised concerns over how Ksh 6.3 billion was allegedly diverted from the government’s eCitizen platform to a private account without approval. The special audit, covering the period between 2014 and 2025, highlights major discrepancies in the handling of public funds linked to the digital payment
The Kenya Railways Corporation (KRC) has defaulted on a six-year Standard Gauge Railway (SGR) loan worth Ksh569 billion, raising concerns over Kenya’s debt exposure and the viability of the multi-billion-shilling transport project. According to the Auditor-General Nancy Gathungu’s report, for the financial year ending June 2024, KRC failed to meet the repayment obligations for the
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