Kenya can’t account for $400m in public funds, despite crackdown on graft
Nairobi — Kenya’s government cannot account for $400m in public funds, according to a damning report from its auditor-general that highlights the country’s failure to crack down on graft and misuse of state resources. The report for the 2015-16 financial year describes a litany of misspending and poor accounting under President Uhuru Kenyatta, who is several months into a second term after an election in which he again vowed to tackle graft. Less than a third of financial statements of ministries, departments and agencies that were scrutinised were clean, according to the report presented to parliament last week. Auditor-general Edward Ouko noted that this was, however, an improvement, with only 6% of financial statements declared clean five years ago. "Accounting for public funds is still wanting," wrote Ouko. Of $12.4bn in recurrent and development spending, only 3.45% was spent "lawfully and in an effective way", according to the report. While some entities failed to submit state...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.