Ministry to Probe Ksh21 Billion World Bank-Backed Project
A majority of the project has been implemented under President Ruto's regime, and the probe is set to determine whether the funds had an impact on Kenyans...
✨ Key Highlights
The Kenyan government is launching a value-for-money assessment of the Ksh21 billion World Bank-backed Second Kenya Informal Settlements Improvement Project (KISIP2) to ensure it benefited intended communities.
- The assessment will cover interventions financed by the World Bank and Agence Française de Développement (AFD).
- The State Department of Housing and Urban Development is seeking an independent consultant for the evaluation.
- This review is occurring as KISIP2, approved in 2020, nears the end of its implementation period.
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EACC Arrests Nine Treasury Officials in Ksh1.57 Billion PROFIT Programme Fraud - August 2026
The Ethics and Anti-Corruption Commission (EACC) has arrested nine individuals, including senior National Treasury officials and business owners, over an alleged Sh1.57 billion fraud scheme involving the PROFIT Programme. The Kenyan government is also launching a value-for-money assessment of the Ksh21 billion World Bank-backed Second Kenya Informal Settlements Improvement Project (KISIP2) to ensure it benefited intended communities. Separately, the Registrar of Companies has initiated the dissolution of over 750 companies in Kenya, with 200 already formally struck off the register as of August 14 and 550 more facing potential closure, putting thousands of jobs at risk.
