controller of budget - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Meru ranked second nationally in Development Funds absorption- COB Report

Sacco ReviewJune 24, 2026June 24, 202605 mins

Meru County has emerged as one of the top performers in the use of development funds after recording a 54 percent absorption rate, ranking second nationally according to the Controller of Budget’s Third Quarter Report for the 2025/26 financial year. The report places Nandi County at the top with a 55 percent absorption rate, while…

Controller of Budget warns Kenya risks sinking deeper into a debt trap

Sacco ReviewMarch 31, 2026March 31, 202604 mins

The Controller of Budget (CoB), Dr. Margaret Nyakang’o, has warned that the Kenya risks falling deeper into a debt trap due to expensive borrowing and poor project coordination. Speaking before the National Assembly’s Committee on Public Debt and Privatization, chaired by Mbalambala MP Shurie Omar, Dr. Nyakang’o painted a bleak picture of the nation’s finances,…

Govt budget cuts affects agencies that provide loans to youth, women

Sacco ReviewJanuary 8, 202503 mins

The National Government has cut budget for agencies that provide cheap credit to youth and women. Affected agencies include Women Enterprise Fund, Uwezo Fund, Youth Enterprise Development (YEDF) and the Hustler Fund. A report by the Controller of Budget indicates that the National Treasury did not provide loans in the three months to end of…

Controller of Budget arrested for operating unregistered Sacco

Sacco ReviewDecember 5, 2023December 5, 202303 mins

Controller of Budget (CoB) Margaret Nyakang’o has been arrested in Mombasa by DCI officers and presented to court to face the charge of operating a Sacco without a license. The arrest came after the Office of the Director of Public Prosecutions approved the charges in a letter to the DCI on November 30,2023. Nyakong’o’s charges…