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Root out the costly indiscipline in Kenya's public finance management
KWFT and the African Guarantee Fund have signed a Sh725 million risk-sharing partnership agreement to expand lending to women-led or women-owned small and medium enterprises in Kenya.
Kenya's public finance management system has long been plagued by indiscipline, resulting in the misappropriation and mismanagement of public funds.
One striking example of this indiscipline is the continued allocation of funds to county governments despite their failure to adequately address outstanding audit queries from previous accounting periods. This practice not only perpetuates a culture of impunity but also exposes the government to further financial losses.
