Boniface Kanyamwaya, a journalist at TUKO.co.ke, has more than 10 years of experience in finance, economics, business, markets, and aviation, providing insights into Kenyan and global trends.

Treasury Principal Secretary (PS) Chris Kiptoo has denied reports that Kenya is losing KSh 2 billion daily due to corruption.

Kiptoo, who was speaking on one of the local media stations in Kenya on Tuesday, May 13, said that he does not have the evidence to prove the allegations.

The claims that Kenya loses KSh 2 billion daily due to corruption were made by former President Uhuru Kenyatta in 2021.

The statement did not go down well with officials in President William Ruto's regime, as they swore to fund a study to establish if indeed Kenya has been losing the huge sum of money monthly.

"I can't speak to that. I have no evidence. We acknowledge that corruption exists and are putting measures to deal with it," said Kiptoo on Tuesday.

Kiptoo said the government has been making efforts in the last two budgets to strengthen governance institutions in Kenya to help tackle corruption.

He said the state has allocated more funding to the Ethics and Anti-Corruption Commission (EACC), the Office of the Director of Public Prosecution, and the Judiciary.

"Yes, we get red flags on reports, and we do refer them to relevant agencies. We believe in taking measures that will yield a permanent solution to the problem at hand," said Kiptoo.

Kiptoo said that the government has also automated its procurement processes to stop corrupt government officials from trading with the government.

The public tender portal was officially launched by the government in April 2025 ahead of the earlier communicated rollout deadline of Tuesday, July 1.

Treasury Cabinet Secretary John Mbadi had in the past complained that Kenyans make deals in hotels over the weekends to defraud the government.

He said there is a need to tighten all corruption loopholes in government so that taxpayers can get value for their money.

Going forward, CS Mbadi said as part of a plan to tame graft in government, every funding request must be explained, a move that shifts away from incremental increases from previous allocations.

The government, he said, has also switched from cash basis accounting to the technical accrual basis to capture all government commitments and revenues.

Furthermore, he said that the government is implementing Treasury Single Accounts to eliminate the need for several accounts.

Source: TUKO.co.ke