Business Daily·3 min read·hard
Courts to track KPC, Safaricom sale cash proceeds
J
Joseph Wangui
✦AI Summary
The Kenyan High Court has refused to freeze the National Infrastructure Fund but ordered the Treasury to provide detailed financial reporting on its transactions. The fund, which is intended to finance public projects, faces legal challenges regarding its constitutionality and oversight.
The High Court has declined to freeze the government's Sh5 trillion National Infrastructure Fund (NIF), saying a blanket suspension would interfere with executive functions and ongoing public interest projects.
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