JUST IN: Women Enterprise Fund Faces Insolvency After Ksh1.4 Billion Audit Query 

  The Women Enterprise Fund is under intense scrutiny after Auditor General Nancy Gathungu exposed a string of questionable transactions totaling Ksh1.4 billion in her latest audit report. In the damning review for the financial year ending June 30, 2024, Gathungu accused the fund’s management of gross financial mismanagement, including unaccounted expenditures, unauthorized transfers, and inflated costs that may have compromised the fund’s core mission of empowering women. Among the glaring red flags is Ksh212 million transacted through unauthorized mobile paybills, which officials failed to account for. The fund had been operating three separate paybills to facilitate loan disbursements and repayments for women’s groups, but auditors found that the board irregularly
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