Sharp Daily
No Result
View All Result
Wednesday, November 19, 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

Inflation trends in Kenya

November 19, 2025
News

Benefits of building long-term financial stability

November 19, 2025
Close up of african american man with calculator checking bills at home. Savings, finances, economy concept. Black small business owner calculating income and planning budget
News

Debt management

November 19, 2025
News

Capital Raising in Kenya: A Neutral Overview of Funding Options for Business Growth

November 19, 2025
Kenyan shilling a background with new series of banknotes
News

Financial resilience

November 19, 2025
Business

Kenya’s business landscape in 2025

November 19, 2025

LATEST STORIES

Inflation trends in Kenya

November 19, 2025

Benefits of building long-term financial stability

November 19, 2025
Close up of african american man with calculator checking bills at home. Savings, finances, economy concept. Black small business owner calculating income and planning budget

Debt management

November 19, 2025

Capital Raising in Kenya: A Neutral Overview of Funding Options for Business Growth

November 19, 2025
Kenyan shilling a background with new series of banknotes

Financial resilience

November 19, 2025

Private equity and private credit

November 19, 2025

How the Cloudflare outage revealed the fragility of the modern internet

November 19, 2025

Kenya’s business landscape in 2025

November 19, 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