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Originally published by Capital Businessbusiness
May 13, 2026
1h ago
Audit flags revenue leakages, irregular leasing at Posta Kenya
The audit report for the financial year ended June 30, 2025 shows the State-owned corporation continued recognizing Sh39.3 million in rental income from 107 lease agreements whose contractual terms had lapsed, even though tenants were required to surrender the premises once the l..
✨ Key Highlights
An audit by Auditor General Nancy Gathungu has revealed significant revenue leakages and questionable leasing practices at Postal Corporation of Kenya (Posta Kenya).
- Kshs. 39.3 million collected from expired lease agreements without formal renewals.
- The audit highlights issues at Posta Kenya involving its property leasing across regional offices.
- Concerns raised over lack of transparency in tenant selection and competitive bidding for leased land and properties.
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