The legal and operational liabilities include up to Sh55 billion in commitment fees for loans not taken, or fully absorbed and the shame of stalled projects. These loopholes must be sealed to avert losses and prevent wastage.
The government should heed the sound advice from someone who really knows what she is talking about. Auditor-General Nancy Gathungu has been keenly watching and documenting the frivolous use of public funds.
As the country grapples with its debt burden, the Auditor-General has offered valuable tips on how to avoid costly penalties on loans. Her recommendations should enable proper utilisation of the billions taken in loans for projects.
