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TENDERPRENOURS

An ABC Guide

19 Aug, 2024
01 hr 25 min 56 sec
Features Features
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The Ethics and Anti-Corruption Commission, Kenya’s anti-corruption body, says 70% of all corruption in the country is related to procurement. Identified in the Kenya social media circles as “Tenderpreneurs” meaning ‘‘tenders’’ and ‘‘entrepreneurs’’ many of these entrepreneurs are known to be politicians and senior government officials. Kenyan Economic Analyst Tony Watima defines “tenderpreneurship” as the behavioural attribute responsible for distorting the nature of the country’s money multiplier effects. We keep getting an endless stream of sub-standard public goods and services, at inflated prices. Tenderpreneurship is locking people in poverty. When tenders are overpriced, the government’s budget is stretched and support to the poor is lost. Poverty at a personal and national level robs people of their dignity.