Review business ethics laws, US firms urge Kenya
AmCham Kenya President and Coca-Cola General Manager for East Africa Mr. Peter Njonjo speaks at a previous event.
Tuesday, December 8
American business owners based in Kenya on Monday urged the government to take action against companies that bribe public officials to win contracts.
The American Chamber of Commerce-Kenya Chapter (AmCham) offered to assist the government to redraft the Business Code of Ethics to create a level playing field for all.
“Immediate and coordinated action must be taken to implement the Joint Commitment as agreed upon between President Uhuru (Kenyatta) and the business community as corruption is a major hindrance to the growth of the private sector and (denies the) government revenue,” AmCham-Kenya Chapter President Mr Peter Njonjo said.
He urged the Kenyan business community to support the initiatives laid out in the Joint Commitment which seeks to outlaw undercutting deals that has seen some companies win tenders despite quoting high prices that end up hurting the taxpayer.
He said corruption was the greatest obstacle to economic growth and development in Kenya as the vice deters investors thus undermining the country’s global competitiveness.
“We urge Parliament to pass the private sector-championed Anti-Bribery Act which includes elements of transparency and accountability found in the U.S. Foreign Corrupt Practices Act, which for years has governed the way American firms interact with foreign governments” he said.
Mr Njonjo made the remarks during the launch of a working group that will focus on responsible business practices, good governance and anti-corruption among American-owned businesses in Kenya.
Source: Daily Nation