By OTIATO GUGUYUMore by this AuthorThe iconic Kenyatta International Convention Centre at the heart of Kenya’s capital has been a symbol of political fortunes much as it has defined the country. According to the Auditor-General’s reports, KICC bought three vehicles in 2017 for Sh20.8 million but they were registered to Kenyatta International Conference Centre Management Ltd. Advertisement“A scrutiny of the logbooks shows that the three vehicles were registered in the name of Kenyatta International Conference Centre Management Ltd and not in the name of the corporation,” the auditor said. State firms are bleeding with massive losses, forcing the government to dig deeper into taxpayers’ purses to rescue the companies or pay their debts. Since then ousted Treasury Secretary Henry Rotich made piecemeal proposals to introduce consolidation of State firms in his budgets.

Source: Daily Nation January 14, 2020 04:18 UTC