Kenyan contractors are poised for significant gains following Parliament’s approval of the Public Procurement and Asset Disposal (Amendment) Bill, sponsored by Molo MP Kuria Kimani.
This landmark legislation aims to reform the country’s procurement systems, addressing long-standing challenges faced by local firms while positioning them for growth and competitiveness.
Kuria described the Bill as a game-changer for local contractors and a catalyst for economic inclusivity and development.
“This amendment ensures that contracts below Sh1 billion will exclusively be awarded to local contractors,” he said.
For contracts exceeding Sh1 billion, the Bill stipulates that international firms will only qualify if they partner with Kenyan companies in joint ventures. “This approach guarantees local firms benefit through capacity building and technology transfer from their international counterparts,” Kuria added.
Local contractors have long grappled with unfair competition, often losing out to foreign firms.
Kuria emphasized that the Bill seeks to level the playing field. “This is about giving Kenyan businesses a fair shot. It allows local entrepreneurs to compete effectively and thrive,” he said.
Another key provision of the Bill addresses delayed payments, a persistent issue that has hindered contractors. Kuria assured that the legislation will streamline the payment process, creating a healthier cash flow system to sustain economic activities.
“Delayed payments will be a thing of the past,” he stated.
The Bill also seeks to enhance transparency and accountability in public procurement, aiming to curb monopolies and foster fair competition.
“This legislation empowers local contractors to become competitive leaders and curbs unfair practices,” Kuria noted, describing it as a vital step toward an economy that benefits all Kenyans.
Beyond procurement fairness, the MP highlighted the broader vision of the Bill as a strategic tool for national development.
“This is about fostering economic inclusivity, supporting local enterprises, and using public resources to empower Kenyans. It’s a commitment to building a better future,” he said.
Kuria called on stakeholders, including government agencies, contractors, and the private sector, to embrace the new framework.
“This Bill is a collective opportunity to transform our procurement systems and empower local businesses,” he urged.
The approval of the Public Procurement and Asset Disposal (Amendment) Bill signals a new era for Kenyan contractors, promising a more equitable, transparent, and inclusive economic landscape.
