Kenyan Institutions Face Financial Shortfalls, Debt, and Audit Over Sh15bn Gap - September 2025
The Metropolitan National Sacco Society has approved a forensic audit after a Sh15 billion loan book asset was revealed to be untraceable, alongside a negative equity position. This action addresses concerns about the Sacco's financial stability. At a national level, Kenya is facing a severe fiscal crisis, with 68% of ordinary tax revenue being allocated to debt servicing, which hinders critical public services. Similarly, the Kenya Wildlife Service (KWS) is seeking to address a Sh12 billion annual conservation funding deficit by proposing an increase in park entry fees. In a related issue, Kenya's pension industry, with Ksh 2.23 trillion in savings, faces significant challenges including overexposure to government securities and a surge in unpaid contributions.