The government through the deputy president Rigathi Gachagua is pushing a change in law to free local investors from unfair competition from foreign firms. According to deputy president Rigathi Gachagua, the government will offer a local business exclusive access to tenders worth up to sh 1 billion.
The deputy president also noted that the project will see local investors benefit from the mega projets by ensuring that tenders above sh 1 billion will be awarded to foreign firms under a joint venture with a local firm for atleast 30 percent of the procurement value.
Speaking to Kenya kwanza legislators, Rigathi Gachagua said that the move is to protect local investors from unfair competition by the foreign investors. Gachagua urged the majority leader Kimani Ichungwa to revive procurement amendment bill 2018, which he initially sponsored as private bill but was shit down in the national assembly. He said the bill was defeated by the allies of former president Uhuru Kenyatta and Raila Odinga.
Content created and supplied by: Thetrend (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More