Sharp Daily
No Result
View All Result
Sunday, August 31, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

EACC pledges to investigate how public debt rose to KES 11 trillion

Brenda Murungi by Brenda Murungi
February 6, 2024
in News
Reading Time: 2 mins read
eacc

The Ethics and Anti-Corruption Commission (EACC) pledges to conduct a comprehensive investigation into government initiatives financed through borrowed funds, contributing to the surge in public debt, now standing at KES 11 trillion.

Under the current administration, which has accumulated a debt exceeding KES 2.4 trillion since assuming office, the EACC underscores numerous projects funded by these resources warrant scrutiny.

These revelations surfaced during the initiation of a week-long workshop jointly held between the anti-corruption agency and the parliamentary Justice and Legal Affairs Committee (JLAC) in Naivasha. Concurrently, the JLAC has thrown its weight behind calls to probe the expenditure of these funds.

Chairman of the EACC, Bishop David Oginde, disclosed that the commission is conducting a thorough review of both past and ongoing national projects to assess fund utilization.

RELATEDPOSTS

DPP orders arrest of CS Linturi amid ongoing fertilizer controversy

May 3, 2024

Committee formed to investigate allegations against agriculture CS Linturi

May 2, 2024

Speaking to reporters on the sidelines of the workshop, Oginde emphasized the collaborative efforts necessary to combat corruption, dismissing assertions that the Naivasha retreat was prompted by recent discussions between the President and the Judiciary at the State House concerning graft allegations.

Tharaka MP and Chair of JLAC George Murugara, highlighted the committee’s initiative to develop a legislative framework aimed at bolstering EACC’s operational effectiveness. This endeavor includes exploring options to augment the commission’s budgetary allocation to better enable it to fulfill its mandate.

CEO of EACC,Twalib Mbarak, echoed the sentiments regarding the need for enhanced resources, acknowledging both the advantages and disadvantages associated with granting prosecutorial powers to the commission.

Mbarak emphasized the importance of collaborative efforts with the Office of the Director of Public Prosecutions (ODPP) while lamenting the challenges posed by inadequate funding, understaffing within the judiciary, and deficiencies in leadership, all of which impede their endeavors.

Previous Post

Explainer: Classifying presidential visits to other nations

Next Post

NCBA Bank gets license to operate as REIT Trustee

Brenda Murungi

Brenda Murungi

Related Posts

News

Kick financial goals: Invest with CMMF this football season

August 22, 2025
commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025

LATEST STORIES

The Importance of Including Pension Plans in Corporate Benefits Packages

August 29, 2025

The informal labor market and classical unemployment in the Kenyan context

August 28, 2025

Kenya’s Eurobond yields ease after S&P rating upgrade

August 28, 2025

Kenya’s strategic debt pivot: Smoothing, Strengthening, Sustaining

August 27, 2025

Bank on your paycheck: Invest smart with CMMF

August 26, 2025

Finding Balance: My Journey with Internet Self-Care

August 22, 2025

Why Young Kenyans Cannot Afford to Ignore Private Pensions

August 22, 2025

Strategies for Nairobi to emerge as Africa’s financial hub

August 22, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024