Would you ever dare invest in a country that is always making headlines in all over the world for all the bad reasons? Just be realistic and see why most private investors will no longer be considering Kenya as one of the best countries to invest in the next few coming years.
Lack of private investments could threaten realization of key pillars of the Vision 2030 economic blueprint. However, the supply of corruption often comes from wealthier countries, making the problem global.
Emerging economic powerhouses such as China, India, and Brazil should be brought more strongly into the global fight against corruption. Likewise, it adds, countries and companies in the North must do more to fulfill their responsibilities. It presents a wealth of innovative tools and promising approaches to strengthen corporate integrity. The right mix depends on business size, sector, and operating context.
In Tanzania, Small and Medium Enterprises have found a way to counter corruption through collective action by routing requests for fraudulent payments to a single contact point. Exchange notes Major players in the defense industry, for example, compare notes and discuss corruption challenges. The report also presents innovative approaches by regulators and law enforcement agencies. Compliance monitors, for example, can be placed in companies convicted of corruption to ensure they put in place better compliance systems to prevent future wrongdoings.
Don’t you think our beloved Kenya should also head the Tanzanian way? You know just a thought.