Parastatals have begun releasing the complete names of the owners of companies with which they have signed contracts.
Several government institutions, like Kenya Power, will be disclosing the identities of contract recipients in a move aimed at boosting transparency in government.
The new tender template by the Public Procurement Regulatory Authority (PPRA) requires companies who receive State contracts to declare beneficial business ownership.
Failure to give the information, according to the form, would result in a winning firm refusing the contract and being barred from future State tendering processes under Section 41(1) (e) of the Public Procurement and Asset Disposition Act, 2015.
To improve public sector procurement transparency, Kenya is evaluating bidding processes to identify shareholders of companies that gain secretly from State deals using nominee accounts.
The International Monetary Fund (IMF) has repeatedly requested that undisclosed owners of companies awarded contracts in the fight against corruption be revealed.
The PPRA’s new template comes after Attorney-General Kihara Kariuki issued new laws requiring the authority to publish information on beneficial owners of enterprises that have won contracts with State-backed entities.
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