{"id":113498,"date":"2025-04-11T13:04:23","date_gmt":"2025-04-11T13:04:23","guid":{"rendered":"https:\/\/chezaspin.com\/blog\/index.php\/2025\/04\/11\/women-fund-refutes-claims-of-impropriety-asserts-its-integrity-and-sterling-performance\/"},"modified":"2025-04-11T13:04:23","modified_gmt":"2025-04-11T13:04:23","slug":"women-fund-refutes-claims-of-impropriety-asserts-its-integrity-and-sterling-performance","status":"publish","type":"post","link":"https:\/\/chezaspin.com\/blog\/women-fund-refutes-claims-of-impropriety-asserts-its-integrity-and-sterling-performance\/","title":{"rendered":"Women Fund refutes claims of impropriety, asserts its integrity and sterling performance"},"content":{"rendered":"

NAIROBI, Kenya, Apr 11 \u2013 The Women Enterprise Fund has dismissed as unfounded and malicious, attacks by anonymous critics circulating on social media platforms, citing financial impropriety by the organisation.<\/strong><\/p>\n

The Women Enterprise Fund CEO Racheal Musyoki and the Chairperson of the Fund\u2019s Advisory Board Jane Lang\u2019at termed the allegations being pushed on some blogger sites as entirely baseless and misleading.<\/p>\n

In a joint statement, the CEO and the Chairperson also defended the Principal Secretary for the State Department for Gender and Affirmative Action, Anne Wang\u2019ombe who was targeted by the cyber attackers.<\/p>\n

The cyber slur which cited the current report by the Auditor General on the Fund, made unfounded one-sided allegations against the organization which bordered on defamation and character assassination, note the CEO and the Chair.<\/p>\n

They said in their statement: \u201cThe Fund has been transparent and focused on empowering women across Kenya and operates with the highest standards of accountability, ensuring that resources are utilised effectively to support women\u2019s economic empowerment.<\/p>\n

\u201cThe Fund, being a semi-autonomous Government agency, operates independently from the State Department for Gender and Affirmative Action where PS Anne Wang\u2019ombe has consistently demonstrated exceptional leadership and dedication in her role as the administrator of the Fund,\u201d read the statement.<\/p>\n

Musyoki and Lang\u2019at said, in line with accountability and transparency, the Women Enterprise Fund will appear before the Parliamentary Special Funds Accounts Committee to respond to the Auditor General\u2019s queries as part of the public audit procedure, affirming they are dedicated to protecting public funds and ensuring that they benefit the intended recipients.<\/p>\n

They urged members of the public to seek information from credible sources and not be swayed by unfounded claims from malicious sources.<\/p>\n

They reaffirmed the Women Enterprise Fund\u2019s mandate as a government-affiliated financial institution established under the Public Finance Management Act to empower women economically by providing accessible credit, capacity-building programs, and market linkages.<\/p>\n

The statement noted that in the financial year under review, the Fund delivered impressive results, demonstrating resilience and efficiency despite the transition in its executive leadership, including the appointment of Racheal Musyoki as the new CEO.<\/p>\n

The top officials added that seamless continuity in operations has ensured that core budgetary targets were met, with 2.2 million women entrepreneurs across the country benefiting from financial support.<\/p>\n

\u201cThe Fund\u2019s ability to maintain steady disbursements of Kshs. 27.9 billion and recoveries amid leadership changes underscores its strong institutional framework and commitment to its mandate. This stability has reinforced confidence among stakeholders, including government agencies, development partners, and women\u2019s business groups,\u201d read the statement.<\/p>\n

They noted, currently, the Fund\u2019s portfolio supports One Hundred and Fifty thousand women groups and individual entrepreneurs across various sectors, including agriculture, trade, and manufacturing.<\/p>\n

Said the statement, \u201cIn the last financial year, the WEF disbursed loans to over 18,955 women groups and individual businesses, enabling them to expand operations, create jobs and improve livelihoods. By maintaining a strong portfolio and implementing targeted programs, the Women Enterprise Fund continues to prove its relevance as a key driver of women\u2019s economic empowerment in Kenya.\u201d<\/p>","protected":false},"excerpt":{"rendered":"

NAIROBI, Kenya, Apr 11 \u2013 The Women Enterprise Fund has dismissed as unfounded and malicious, attacks by anonymous critics circulating on social media platforms, citing financial impropriety by the organisation. The Women Enterprise Fund CEO Racheal Musyoki and the Chairperson of the Fund\u2019s Advisory Board Jane Lang\u2019at termed the allegations being pushed on some blogger […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-113498","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/113498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/comments?post=113498"}],"version-history":[{"count":0,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/113498\/revisions"}],"wp:attachment":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/media?parent=113498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/categories?post=113498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/tags?post=113498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}