Treasury extends online tenders to parastatals

NAIROBI: The National Treasury has rolled out IFMIS e-Procurement to State corporations on a pilot basis. The initial phase that commenced earlier this week, is expected to see the automated procurement system deployed in 19 State corporations housed by the National Treasury.

The system is expected to streamline procurement within the public sector and save taxpayer’s money. The roll-out follows President Uhuru Kenyatta’s directive last August to all public entities to automate their procurement processes using IFMIS e-Procurement. Currently, State corporations use different systems to manage their finances.