REPORT shows Kenya diverted funds from a Sh80 billion loan from the IMF to pay salaries and allowances in June. The state also used Sh18 billion from a Sh70 billion loan meant for housing and urban development departments on salaries
Reduction by half of VAT charged on petroleum products is among the recommendations by a parliamentary committee to reduce the price of fuel.
Kenya risks being slapped with $1.4 billion damages if it terminates contracts with private firms that have built roads and solar power plants under the new public private partnership models.
The Office of President Uhuru Kenyatta and his deputy William Ruto spent Sh8.64 billion or four times more on staff salaries and allowances in the year to June, hurting efforts to free more public funds for development projects. The pay grew 282 percent from Sh2.26 billion a year earlier.