The Public Debt and Privatization Committee led by Hon. Abdi Shurie (Balambala) met with the Controller of Budget (CoB) CPA Dr. Margaret Nyakang’o. 

Dr. Nyakang'o briefed the Committee on the disbursement rate of foreign loans and commitment fees incurred over the past five financial years. A commitment fee is the amount a lender charges to keep a specific loan amount available to a borrower, and this fee may also be charged for the unused portion of a line of credit.

Today, the Senate Committee on County Public Investments and Special Funds (CPISFC) convened under the leadership of Senator Godfrey Osotsi to deliberate on the Auditor-General's Reports on the financial statements of eight water companies in Kiambu County, spanning the fiscal years 2018/19, 2019/20, and 2020/21.

A committee of the Senate has given the Ethics and Anti-Corruption Commission (EACC) a month ultimatum to conclude investigations into the outstanding imprest for Bungoma County which has dragged on since 2019.

The County Public Accounts Committee (CPAC) gave the directive after it was told concerned employees have failed to surrender the imprest amounting to Sh67 million as at June 2020 because the Commission had carted away documents related to the issuance of the imprests.

Several key elements of the devolved functions accounting for Ksh. 272.2 Billion are still run by the National Government ten years since Devolution kicked off in Kenya.

This is according to the Intergovernmental Relations Technical Committee (IGRCT) that appeared before the Senate Standing Committee on Devolution and Intergovernmental Relations.

IGRCT's delegation led by its Chairperson CPA, Kithinji Kiragu told Senators that considerable resources needed to fund devolved functions still remain in the hands of the National Government.

The Senate Ad Hoc Committee that’s pushing for Compensation to the Kenyan Victims of the 1998 US Embassy Bombing joined survivors today at the 7th August Memorial Park to commemorate the 25th anniversary of the terror attack. 

While addressing the victims and their families, Machakos Senator, who is the Chairperson of the Ad Hoc Committee, called on the Kenyan Government to also look at the plight of the survivors by offering them employment opportunities and subsidized medical treatment.