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New Graduates’ Salaries Report Sends HELB Back to the Drawing Board

Graduates take approximately five years before getting meaningful employment and some earn as low as Ksh6,000 according to a HELB report. Higher Education Loans Board (HELB) CEO Geoffrey Monari has revealed that 35.2 percent of loan beneficiaries have defaulted on their payments.

Parts of Mombasa Port to be Handed Over to the Private Sector in 30 Year Leases

The Treasury has revived plans to lease Kenya Ports Authority (KPA) assets, including the Lamu Port Container Terminal and multiple berths at the Mombasa Port, to private investors. EPRA shut down nine fuel stations for selling adulterated fuel and diverting export-bound petroleum for local sale.

Audit Finds Kenya Has Been Servicing Ksh17.87 Billion Loan That Was Never Used

An audit by the Auditor General has revealed that Kenya is losing Ksh89.4 million annually in commitment fees on undrawn donor funds for Covid-19 vaccines. Of the Ksh18.67 billion allocated for Supplementary Financing II, only Ksh800 million has been used, leaving an undrawn balance of Ksh17.87 billion.

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