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According toPhilip Kinisu, a former head of the Ethnics and Anti-Corruption Commission (EACC), we lose as much as Sh600 billion to corruption each year. This is why the proposed National Supply Chain Management and Professional Framework is a great idea. If properly implemented, it will impose some self-regulation among contractors and suppliers.
The Kenya Institute of Supplies Examination Body, like the Institute of Certified Public Accountants of Kenya, will be designed to provide professional regulation of contractors and suppliers in public and private sectors. Entities that violate industry ethical requirements and procurement laws will be blacklisted and locked out of the market for contracts. Treasury Cabinet Secretary Ukur Yatani has made the case that KISEB will help reduce corruption in public procurement.
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