The Kenyan prosecutor's office said on Tuesday it had found no evidence that proceeds of 250 billion shillings ($2.48 billion) raised from a eurobond had been stolen or misused and will not pursue criminal charges against any government officials.
In January, Director of Public Prosecutions Keriako Tobiko ordered the Ethics and Anti-Corruption Commission (EACC) to probe the use of the funds after opposition leader Raila Odinga said the government could not account for 140 billion shillings from the sovereign bond.
"Further, I have found no evidence disclosing any criminality of any government officials. In the premises and, as matters stand now, there is no evidence upon which a prosecution may ensue."
However, Tobiko said the office of the Auditor General ought to carry out a special audit to ascertain that the ministries and other government agencies that received the eurobond's proceeds had put it to proper use.
Corruption has been a big hurdle to doing business in Kenya though the government has taken more than 300 graft cases to court, part of a crackdown on the scourge by President Uhuru Kenyatta.