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Leeches of public funds cost taxpayer Sh14 billion last year

PostBank Headquarters building in Nairobi taken on 10th September 2016. [PHOTO:WILBERFORCE OKWIRI]

Ten struggling parastatals gobbled up Sh14 billion of taxpayers’ money in the past financial year, widening a national black hole that should have been fixed through prior proposals.

The lost funds are more than three times the allocations to the countrywide free maternity healthcare programme that is meant to reduce maternal deaths.

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