Home National Senate queries fate of Sh10bn in disbanded food reserve account

Senate queries fate of Sh10bn in disbanded food reserve account

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Business Daily | by Edwin Mutai

Parliament wants Agriculture secretary Peter Munya to explain the status of more than Sh10 billion that was in the Strategic Food Reserve (SFR) board bank account before it was disbanded in April.

SFR had at least Sh10 billion in its account arising from the sales of maize to millers and other institutions from their stores before its dissolution.

The Senate Committee on Agriculture has also opened investigations into the government’s failure to buy maize one week after…

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