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Kenyan Auditors Flag Sh7.7bn in Fees on Undrawn Loans

Kenyan Auditors Flag Sh7.7bn in Fees on Undrawn Loans

Kenya’s Auditor-General and Controller of Budget flagged Sh7.7 billion in commitment fees paid on undrawn loans. The charges relate to financing for capital projects between the 2020/21 and 2024/25 fiscal years, according to Business Daily.

Original headline

Gathungu, Nyakang’o flag Sh7.7bn charges for unused loans