KPC to overhaul buying processes
SEE ALSO :Deadlock after oil spillThe State firm has for a long time fought graft allegations and last year, senior managers were arrested and charged with misappropriation of public funds and abuse of office. Most of the high-profile cases relate to awarding of multi-billion-shilling tenders selectively, sometimes at exorbitant costs. KPC is battling claims of irregularly awarding a contract to Amaco Insurance to provide cover for some of its assets. This is despite having competitively selected CIC Insurance to provide the same services. The contract is now split between CIC (70 per cent) and Amaco (30 per cent) and was awarded despite concerns raised by KPC’s insurance broker. Mr Andambi said KPC was “closing insurance cover lapses that we identified earlier this year. These gaps were closed on Saturday February 2.”
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