IMF presses Uhuru To Disclose The Names of Scandal Billionaires
The International Monetary Fund (IMF) has pushed President Uhuru Kenyatta to Unmask the names and details of secret investors and shareholders in firms that are awarded government tenders.
Otieno Cynthia 
This is one of the immediate orders the International Monetary Fund gave to Kenya when it disbursed a Ksh43.8 billion loan for budget support, on Thursday, June 24.
The amount is part of the IMF Ksh 255 Billion Loan awarded to Kenya that will be disbursed in installments.
International Monetary Fund Deputy Managing Director, Antoinette M. Sayeh, stated that important advances are being made on the governance agenda in Kenya but she wants Uhuru to unmask shareholders who enjoy state benefits.
The Director also asked the Government to sue those individuals found guilty in the Covid-19 Kenya Medical Supplies Agency Scandal.
"The recent publication of comprehensive audits of Covid-19 spending, along with the forthcoming disclosure of beneficial ownership information of companies that are awarded procurement contracts, are important steps to strengthen fiscal transparency and accountability in the use of public resources.
"Going forward, effective follow-up by the appropriate institutions on the findings of the audits will be essential," Sayeh wrote on IMF's blog.
She added that the Central Bank of Kenya (CBK) had provided critical support during the loan review process, detailing monetary policies that guide inflation.
The government has also enhanced the structural reform agenda by restructuring parastatals which increased the wage budget.
