Kenya drops to position 145 out of 176 in Corruption perception index released by Transparency International today.
This means that small business owners are finding it harder to get deals as kickbacks and connections take centr stage.
Startups and small businesses in Kenya have to engage in bribery, corruption and facilitation payments to get contracts. This is vindicated by the NYS scandal in which only companies belonging to connected and corrupt people in government were awarded contracts at the expense of consumers who want value for money.
This means that small businesses suffer because contracts are awarded because of kickbacks and not whether they are the best value for the community.
Big, corrupt and connected companies tend to benefit from such business environments since the small players cannot give bigger bribes event if they wanted to.
The corruption perception index indicates that Kenya is the 3rd most corrupt country in East Africa, Uganda and Burundi rank lower.
“Some other large African countries have failed to improve their scores on the index. These include South Africa, Nigeria, Tanzania and Kenya,” the report.
More to follow