By David Musyoka NAIROBI (Xinhua) --
Kenya’s anti-graft body pledged Thursday to work
with industrialists to fight corruption which is rampant in the
East African nation.
Kenya Association of
Manufacturers in partnership with Global Compact Network Kenya
and Ethics and Anti-Corruption Commission (EACC) agreed at a
forum to discuss the implementation of the Bribery Act 2016 that
corruption deters foreign investments in the country.
Speaking at the
forum, EACC chairman Eliud Wabukala said it is difficult to
fight corruption individually, adding that EACC has already put
in appropriate guidelines to assist the private and public
sector curb corruption.
“Corruption is the
single hindrance to socio-economic growth. The cost of
corruption equals 5 percent of the global GDP,” Wabukala told
the industrialists in Nairobi.
“EACC cannot do it
single-handedly, in partnership with the business community, we
need to look into corruption and establish the right culture in
our organizations to fight it,” he added.
Wabukala said the
implementation of the Bribery Act will be beneficial to all
since its purpose is to provide corruption penalties
particularly in the business community.
The newly enacted
law is an initiative of the business community aimed at
supporting government’s efforts to curb corruption in Kenya and
reduce the cost of doing business.
The Act came into
force on Jan. 13 and places obligations on public and private
entities to put in place procedures that are appropriate to
their size, scale and nature of operations, for prevention of
bribery and corruption.
Flora Mutahi said corruption threatens sustainable economic
development, ethical values and justice, noting that the
enactment of the Bribery bill is a great move to enhance high
ethical standards in doing business.
Mutahi said a 2016
survey on Global Economic Crimes ranked Kenya second, rising
from 17 percent in 2014 to 61 percent in 2016, with corruption
and procurement fraud contributing 47 percent and 37 percent
“With the enactment
of the Bribery Act, we are hopeful that the mechanism put in
place will prevent corruption in our institutions. Apart from
having to report acts of corruption, the Act puts us to task to
reduce corruption in the private sector,” she said.
KAM CEO Phyllis
Wakiaga reiterated the importance of the implementation of the
Bribery Act, saying that any opportunity to curb out corruption
is one that should be highly endorsed.
“KAM works in
partnership with Global Compact to ensure that our membership is
engaged in doing business with high ethical standards.
Corruption is an obstacle to economic and social development,”
said Wakiaga who is also the UN Global Compact Network Kenya.
“Its negative impact
on sustainable development impedes business growth, escalates
costs and poses serious legal and reputational risks,” she