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- Jan 23, 2014
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[video=youtube_share;8S1dkcteLSI]http://youtu.be/8S1dkcteLSI[/video]
Published on Aug 13, 2014
Perception has always been that doing business with the government is a painfully lengthy process. But now the government says it has begun the process of simplifying that process by phasing out the manual processes through which it buys goods and services. And as Patrick Igunza reports, Kenya is now the first African country to shift to an electronic public procurement system.
President Uhuru Kenyatta (right) is taken through the e-procurement system that was launched on Wednesday. It is now possible for suppliers or contractors doing business with Government to track their invoices, payments when due as well as interact online. This follows the launch of an electronic public procurement and payments system by the National Treasury as part of the Integrated Financial Management Information System (IFMIS). Through automation of public financial processes, the IFMIS has provided an interlinked system of internal controls providing clear audit trails and identification of the originator of all transactions, said President Uhuru Kenyatta Wednesday while launching the system at the KICC. The system aims to infuse transparency into the procurement process in an effort to rein in on inflated prices, increase supplier competition and shorten the procurement-payment cycle. In the past, the Government has been overcharged when procuring goods and services in a well-knit collusion of procurement officers, accountants, suppliers and contractors.
Read more at: Standard Digital News : : Business - Crooks, newspapers locked out as State procurement goes online
Published on Aug 13, 2014
Perception has always been that doing business with the government is a painfully lengthy process. But now the government says it has begun the process of simplifying that process by phasing out the manual processes through which it buys goods and services. And as Patrick Igunza reports, Kenya is now the first African country to shift to an electronic public procurement system.
President Uhuru Kenyatta (right) is taken through the e-procurement system that was launched on Wednesday. It is now possible for suppliers or contractors doing business with Government to track their invoices, payments when due as well as interact online. This follows the launch of an electronic public procurement and payments system by the National Treasury as part of the Integrated Financial Management Information System (IFMIS). Through automation of public financial processes, the IFMIS has provided an interlinked system of internal controls providing clear audit trails and identification of the originator of all transactions, said President Uhuru Kenyatta Wednesday while launching the system at the KICC. The system aims to infuse transparency into the procurement process in an effort to rein in on inflated prices, increase supplier competition and shorten the procurement-payment cycle. In the past, the Government has been overcharged when procuring goods and services in a well-knit collusion of procurement officers, accountants, suppliers and contractors.
Read more at: Standard Digital News : : Business - Crooks, newspapers locked out as State procurement goes online