Hard truths. Bold Insights. Real talk.
According to the Commission's Second Quarterly Report covering the period between April 1 and June 30, 2026, the cases involve allegations of corruption, procurement fraud, conflict of interest, bribery, money laundering, forged academic certificates and abuse of office across national and county governments.
The reports are expected to give senators regular updates on financial activities within the counties they represent, allowing them to closely monitor how public funds are managed and spent.
The Office of the Controller of Budget says Kenya already has oversight tools that can be strengthened for better public debt governance, and urges Parliament to rely on existing Budget Implementation Review Reports rather than create parallel reporting systems.
The Office of the Controller of Budget is mandated to oversee the implementation of national and county government budgets by authorising withdrawals from public funds. It also prepares statutory reports, publicises its findings and investigates the use of public money either on its own initiative or following complaints from members of the public.
CPF Group is proposing that the National Treasury issue the bond on behalf of all the 47 county governments. Under the arrangement, pension schemes would receive the outstanding money immediately, while counties would repay the debt over an agreed period.
The Treasury CS argued that youth unemployment should be viewed as an economic issue rather than solely a labour market challenge, saying no country could sustain growth while failing to fully utilise its young workforce
The Treasury must file accounts certified by the Auditor-General within 30 days, or by August 24, detailing all money received since the fund became operational.
The planned law is expected to address growing concerns over shrinking payslips after months of public complaints about PAYE, the Affordable Housing Levy and contributions to the Social Health Insurance Fund (SHIF).
New data from the Treasury shows total revenue for the financial year ended June 30, 2026 stood at Sh3.168 trillion against a target of Sh3.259 trillion for ordinary revenue and ministerial appropriations-in-aid, leaving an overall shortfall of Sh90.1 billion.
The new timetable breaks away from the schedule followed in normal financial years. For the current 2026-27 budget, Mbadi presented the Sh4.82 trillion Budget Highlights in Parliament on June 11, with the Finance Bill and Appropriation Bill considered before the financial year started on July 1.
The bond was divided into two tranches. One raised $900 million (about Sh116 billion), carrying an interest rate of 7.9 per cent and maturing in 2034. The second raised $1.35 billion (about Sh174 billion), carries an interest rate of 8.7 per cent and will mature in 2039.
Appearing before the National Assembly Committee on Trade, Industry and Cooperatives, Mbadi said the exemption from the Import Declaration Fee (IDF) and Railway Development Levy (RDL) followed consultations involving the National Treasury, the ministries responsible for Agriculture and Trade, and other government agencies.