Locals to get state tenders
03 July 2013, 09:56
Nairobi - Kenyan women and youth are set to make gains in business as the Treasury has increased the value of government contracts reserved for local firms.
According to Business Daily, a legal notice issued by the Treasury Secretary Henry Rotich, states that the value of tenders reserved for local companies have been increased to a maximum of KES 1 billion, up from KES 500 million — giving them a bigger slice of the procurement cake.
This move is in line with the presidential directive requiring government departments to reserve at least 30 per cent of their procurement spend for small businesses owned by youth, women and persons with disability.
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