Central Bank of Kenya must clean up its procurement systems

Kenya: The shenanigans at the Central Bank of Kenya would be entertaining if they were in a movie and so didn’t pose such a grave danger to the country’s financial system; a group of individuals who consider themselves procurement laws and the CBK governor

 Reports over the weekend intimated that elements in the bank attempted, not once but twice, to defraud the financial regulator of Sh320 million through a tender for buying, installing and commissioning an integrated security management (ISM)system that includes physical systems, access control, key management, biometric, fire control and tracking systems, among others.