Business & Economy4 stories from 2 sources
Kenyan Financial Reports Reveal Sh11bn SHA Loss, Credit Upgrade, and Infrastructure Funding - January 2026
An audit by Kenya's Ministry of Health has revealed that the Social Health Authority (SHA) lost Sh11 billion due to fraudulent claims from private hospitals. Separately, Tower Sacco revealed a loss of Sh149.5 million in cash deposits held at the embattled Kenya Union of Savings and Credit Cooperatives (KUSCCO) amid a mismanagement scandal. In other financial news, Moody’s Ratings has upgraded Kenya’s sovereign credit rating from B3 to Caa1, reflecting a decline in the country’s near-term default risk. Additionally, Kenya is funding the rehabilitation of the Mombasa Road with Sh4.5 billion from securitised Roads Maintenance Levy (RML) funds, part of a larger Sh21 billion allocation.
CCapital BusinessNNation BusinessFirst
News Coverage
Wednesday 2:00 PMCapital Business
Audit: Fake claims cost SHA Sh11bn in losses
Wednesday 9:05 AMCapital Business
Moody’s upgrades Kenya’s credit rating on lower default risk
Wednesday 12:00 PMCapital Business
Tower Sacco reveals Sh150mn cash deposit losses in KUSCCO
Wednesday 8:38 AMNation BusinessFirst
Sh4.5bn in securitised cash funds Mombasa road works
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