Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

Top Story

How BBI Intends To Fix Punitive Payment Processes By Government To Suppliers

NAIROBI, Kenya, Oct 21- The punitive payment process for people doing business with the government might be a thing of the past if a Bill proposed by the Building Bridges Imitative (BBI) report is adopted by Parliament.

The prompt payment bill seeks to ensure Kenyans supplies both the National and County Governments are promptly paid.

The Bill if enacted to become a law will give any public entity at least 60 days to make full payment to suppliers.

It will also provide a dispute resolving mechanism over invoices for public supplies, promotion of business through efficiency, transparency and accountability in public accounting processes.

To address disputes, the Bill calls for establishment of a Public Invoices Settlement Tribunal, that will be tasked with hearing appeals on any decision stopping the payment of an invoice.

The five-member tribunal will be led by a chairperson “with the qualifications of a Judge of the High Court of Kenya, nominated by the Judicial Service Commission.”

“A decision of the Tribunal shall be enforced by an accounting officer of a public entity to whom it is directed,” reads the report.

Further, the BBI reports indicate, “tribunal may make such recommendations on appropriate reforms to the systems of a procuring entity as it may consider necessary.”

A party who is dissatisfied with the decision of the Tribunal will have 14 days of the decision to appeal at the High Court.

Advertisement. Scroll to continue reading.
Click to comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...