The Kenyan government is paying KSh 89 million every year in commitment fees for a COVID-19 loan that remains unused. This loan, obtained from international lenders to help the country …
Tag:
TREASURY
-
COVID-19Eastern AfricaFinance & ServicesGOVERNMENTKenya
-
Kenya Revenue Authority (KRA) employees face sacking and possible prosecution in a fresh corruption fight at the Times Tower aimed at rooting out rogue officials for defrauding the exchequer hundreds …
-
BusinessEconomyEnergyKenyan News
Auditor-General unearths Sh2.5 billion irregular pay at Kenya Power
The Auditor-General has flagged Sh2.5 billion worth of irregular spending at Kenya Power in the year to June, including an expenditure of Sh1.2 billion to cover salaries without the approval …
-
Banking, Finance & InvestmentBusinessEconomyFinance & ServicesKenya NewsUncategorized
China loans to Kenya drops for first time in 20 years
Chinese loans to Kenya have dropped for the first time in 15 years as Beijing adopts more cautious lending in Africa where some nations have reached the limit of their …
-
AfricaAFRICA NEWSBusinessNewsSouth AfricaSouthern Africa
South Africa bans Bain & Co. from public sector contracts for a decade
National Treasury has banned global consultancy firm Bain & Co. from tendering for public sector contracts for a period of 10 years, citing fraud. “The effective date of restriction is …