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Good News As Gachagua Changes Government Tender Allocation To Favour Local Investors

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 )

Gachagua Kenya Kimani Ichungwa Rigathi Gachagua Uhuru

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