Sharp Daily
No Result
View All Result
Saturday, June 7, 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

Audit report: Government subsidies for maize and fertilizer were ineffective

Brian Murimi by Brian Murimi
December 19, 2023
in News
Reading Time: 1 min read

Government subsidies aimed at lowering costs of maize flour and fertilizer to boost food security have fallen short of their goals due to poor planning and execution, Kenya’s auditor general said in a report Tuesday.

The maize flour subsidy program allocated KES 4 billion to millers to provide discounted flour to consumers and reduce prices during a period of high inflation last August. But auditors found “no mechanism of ensuring that the subsidized maize flour was sold to the final consumers at the subsidized price,” the report said.

The fertilizer program distributed discounted fertilizer to farmers late in the planting season, causing distribution delays that “undermined the urgency with which the amount was sought” from special government funding, according to the report.

“The objective of the sifted maize flour subsidy programme of mitigating the high cost of maize flour was not met,” the audit report stated, adding the fertilizer subsidy “was not in time for the planting season.”

RELATEDPOSTS

Auditor-general reviews Kenya Power’s financial statements and risk management

December 3, 2024

Auditor-General of Kenya advertises 30 Senior Auditor positions for public sector oversight

October 9, 2024

The findings highlighted implementation challenges in the government’s use of extra constitutional funds to respond to economic shocks like rising food and fuel costs. Auditors said weak oversight of the withdrawal of KES 147 billion from special contingency funding contributed to misuse of funds in some cases.

The report said lonely bags of discounted fertilizer collecting dust in county warehouses did little to serve farming communities struggling with high input costs.

The report recommended improved guidelines for using contingency funds and public participation to improve accountability. Auditor General Nancy Gathungu also called for sanctions against officials who violate procurement and payment timelines.

Previous Post

AI camera, a possible solution to Kenya’s garbage problem

Next Post

KRA introduces bulk invoice system for large transactions

Brian Murimi

Brian Murimi

Brian Murimi is a journalist with major interests in covering tech, corporates, startups and business news. When he's not writing, you can find him gaming, watching football or sipping a nice cup of tea. Send tips via bireri@thesharpdaily.com

Related Posts

News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025
News

Leadership challenges at the University of Nairobi

April 24, 2025
News

Easter eggs and earnings: Growing your nest egg with CMMF

April 16, 2025
News

Geoffrey Ruku declares KES 377M net worth during CS vetting

April 15, 2025

LATEST STORIES

How Kenya’s E-Mobility shift could redefine urban planning

June 5, 2025

Economic liberators are the real heroes and heroines of the year

June 5, 2025

Affordable retirement planning for small businesses with CURBS

June 5, 2025

How Kenyan banks can modernize without marginalizing

June 4, 2025

Human rights concerns over activists’ treatment in Tanzania

June 4, 2025

Decoding stock-based compensation

June 4, 2025

Comparative advantage is the secret to real economic take off

June 4, 2025

Understanding inflation and its impact on everyday life

June 4, 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