Billions Lost As Auditor-General Nancy Gathungu Exposes Youth Fund’s Debt Crisis And Mismanagement
Kenya’s Youth Enterprise Development Fund (YEDF), a key initiative meant to empower young entrepreneurs, is under scrutiny after an audit by Auditor-General Nancy Gathungu revealed that over Sh2.5 billion in loans may never be recovered. The findings, covering the financial period ending June 30, 2023, cast doubt on the fund’s accountability and debt management practices.