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𝐓𝐔𝐑𝐊𝐀𝐍𝐀 𝐎𝐈𝐋 𝐃𝐄𝐀𝐋 𝐔𝐍𝐃𝐄𝐑 𝐅𝐈𝐑𝐄 𝐎𝐕𝐄𝐑 𝐂𝐎𝐒𝐓 𝐑𝐄𝐂𝐎𝐕𝐄𝐑𝐘 𝐂𝐎𝐍𝐂𝐄𝐒𝐒𝐈𝐎𝐍𝐒

Oil and gas experts have urged Parliament to amend the Production Sharing Agreement (PSA) between the government and Gulf Energy E&P B.V over the Turkana oil project to require an independent audit of revenues, warning that the current framework exposes the State to opacity and inflated costs.

 

The experts proposed that the independent auditor incorporate representatives from the Office of the Auditor-General and the Kenya Revenue Authority (KRA) to enhance transparency and accountability.

 

𝐂𝐏𝐀𝐂 𝐖𝐀𝐍𝐓𝐒 𝐄𝐋𝐆𝐄𝐘𝐎 𝐌𝐀𝐑𝐀𝐊𝐖𝐄𝐓 𝐓𝐎 𝐈𝐌𝐏𝐑𝐎𝐕𝐄 𝐀𝐂𝐂𝐎𝐔𝐍𝐓𝐈𝐍𝐆 𝐎𝐅 𝐁𝐈𝐎𝐋𝐎𝐆𝐈𝐂𝐀𝐋 𝐀𝐒𝐒𝐄𝐓𝐒

The County Executive of Elgeyo Marakwet has been directed to improve how it accounts for biological assets, following concerns raised by the Senate County Public Accounts Committee (CPAC).

 

The directive was issued after Governor Wesley Rotich failed to satisfactorily explain how the county accounts for assets classified under the biological category, with the Committee noting that the current system lacks clear categorisation.

 

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