Sh6.3bn paid to non-existent fertiliser firm

Farmers load subsidised fertiliser onto trucks at the National Cereals and Produce Board depot in Eldoret. PHOTO | JARED NYATAYA | NMG

Taxpayers coughed up Sh6.3 billion for a non-existent fertiliser plant mooted in the 1970s, a State audit report shows.

Auditor-General Edward Ouko said the money, wired out to the collapsed Ken-Ren Chemical and Fertiliser in recent years, include Sh5.4 billion for principal repayment and Sh887 million covered interest.

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Note: The results are not exact but very close to the actual.