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The Kenyan government aims to rapidly privatize 207 non-strategic public enterprises to raise Ksh149 billion for the current budget, as detailed in the 2025-2026 Financial Year Annual Borrowing Plan. This action is part of a strategy to fill a Ksh613.5 billion budget shortfall. Concurrently, the Ministry of Cooperatives and MSMEs warned that Kenyans who default on Hustler Fund loans will be blocked from accessing loans from banks. This is a measure to increase repayment for the fund which has disbursed nearly Ksh70 billion. Meanwhile, a parliamentary committee is scrutinizing the State Department for Broadcasting and Telecommunications over the expenditure of nearly Ksh500 million on government advertisements, following flags from an Auditor-General's report.
Kenya's government aims to rapidly privatize state-owned companies to raise Ksh149 billion for the current budget, as revealed in the 2025-2026 Financial Year Annual Borrowing Plan. This move is part of filling a Ksh613.5 billion budget shortfall, with 207 non-strategic public enterprises identified for sale.
Summary & Analysis
A Kenyan parliamentary committee is scrutinizing the State Department for Broadcasting and Telecommunications over the expenditure of nearly Ksh500 million on government advertisements. The controversy stems from a recent Auditor-General's report flagging payments made through the Government Advertising Agency (GAA), with lawmakers demanding verifiable records.
Summary & Analysis
Kenyans defaulting on Hustler Fund loans will be blocked from accessing loans from banks, according to a warning from the Ministry of Cooperatives and MSMEs. This measure aims to increase accountability and repayment rates for the fund, which has disbursed nearly Ksh70 billion to over 26 million Kenyans since 2022.
Summary & Analysis
