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JUST IN: KSH 3.16B Lost? No Value for Money in Stalled Military Projects, Audit Reveals 

  Three Kenya Defence Forces (KDF) projects worth Ksh21.9 billion, initiated during the final months of former President Uhuru Kenyatta’s tenure, have stalled due to a lack of funding. A report tabled in Parliament for the financial year ending June 2024 reveals that two of the projects were abandoned at just 20 percent completion, while the third remains stuck at 60 percent. A Ministry of Defence audit shows that, despite a total contract value of Ksh21.9 billion, contractors have only received Ksh3.16 billion, leaving an outstanding balance of Ksh18.77 billion. “Review of the Ministry’s project progress reports and implementation status reports indicates that three projects, initiated between November 2021
The post KSH 3.16B Lost? No Value for Money in Stalled Military Projects, Audit Reveals appeared first on Nairobi Wire. Read More

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