This archive report was first published on 21 November 2019.
As the deadline for publishing financial results for the year ended June approaches, six government-owned corporations are at risk of contravening market rules. The corporations, including Kenya Power, KenGen, and East African Portland Cement Company, have sought approval from the Capital Markets Authority to extend the deadline to November 30, 2019.
However, the delay is attributed to a vacancy in the Auditor-General's office, which has been vacant since Edward Ouko's retirement in August. President Uhuru Kenyatta must move with speed to name a successor to ensure seamless flow of government business.
It is unacceptable that the process of replacing key government office holders such as the Auditor-General was not started in a timely manner, especially when the retirement of the previous holder was known in advance.
As the country moves forward, the State must ensure that the process of replacing key government office holders is started in a more timely manner to avoid such delays in the future.
