Digital tenders system to link taxman, companies’ registrar

Treasury Secretary Ukur Yatani tabling Sh3.2 trillion Budget. FILE PHOTO | NMG

Kenya plans to roll out an e-procurement system linking the taxman and the registrar of companies to stop State agency suppliers from avoiding tax or using unregistered firms.

The plan is also meant to connect with the Integrated Financial Management Information System (IFMIS) in a move that is likely to improve transparency of the transactions involved and avoid errors. That presumes that past weaknesses such as unauthorised changes to IFMIS entries have been addressed.

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Note: The results are not exact but very close to the actual.