KEPSA unveiled two key documents on 9th May 2019 at Serena Hotel in Nairobi. The documents included; Third National Business Agenda (NBA-III) and a study report on Corruption Risk Mapping in Kenya’s Private sector.
The NBA-III is KEPSA’s main Public Private Dialogue guiding tool that identifies the priority policy interventions to be pursued in KEPSA engagements with the government of the day and other relevant stakeholders over a period of five years. Therefore, the agenda is aligned with the government’s current development priorities – in this case the Big-4 agenda, MTP-III, the Sustainable development goals, among others.
The NBA-III consists of the following thematic areas; Reinvigorating domestic demand to catalyze growth and stability, Export development and easy access to global markets, and Fostering research, innovation and creativity. The document also focuses on enablers such as: Governance, Sustainable infrastructure development, Land holding, use and management, Leverage on Kenya’s demographic dividend and Sustaining business diversity.
As part of KEPSA’s efforts to support the fight against corruption KEPSA partnered with CIPE to conduct a study aimed at mapping the corruption risk areas in the private sector, and come up with guidelines to enhance compliance with the Bribery Act. From the study, Fraud, bribery, tax evasion and embezzlement were most prevalent forms of corruption with procurement and supply, finance, and accounting, being the most vulnerable areas of business while Transport and Storage, Construction, and Real Estate sectors suffered the highest financial loses. Interestingly, 44% of businesses were not even aware of existence of the Bribery Act or the liability to comply with it. Even so, only 32% of those who were aware expressed understanding of the Act.
Overall, 54% of the surveyed respondents agreed to corruption incidences happening in their sectors but 73% had put in place prevention measures chiefly financial and commercial controls such as adequate bookkeeping, auditing, and approval of expenditure, which was viewed as the most effective measure to combat the vice. Other measures adopted included signing the Code of Ethics and Oral briefing to staff and partners to communicate the need to prevent corruption and bribery.
KEPSA also re-launched the Code of Ethics for business in Kenya. This code was developed by KEPSA in 2012 in partnership with the UN Global Compact Kenya Chapter hosted by KAM, to promote ethics and integrity among our members. So far, over 500 members have signed. Furthermore, KEPSA championed for development of Code of Ethics for Suppliers under the Public Procurement Oversight Authority (PPOA) as part of the Public Procurement and Asset Disposal legal requirements.