Only 962 of Kenyan government companies that were awarded tenders have revealed their ownership structure and beneficiaries, according to a new International Monetary Fund (IMF) report. Out of more than 33,000 institutions only 962 government firms awarded state tender disclosed their beneficial owners signaling a sluggish procurement transparency process in Kenya. “As of October 2024,…...
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Over 97 percent of Kenyan firms hide tender beneficiaries
Muthoga Mungania
Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.
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Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
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