Local businesses will be able to benefit from government tenders up to Sh3 billion even as the State is keen not accumulate further debts owed to enterprises.
Cabinet Secretary for Investments, Trade and Industry Lee Kinyanjui said that while the appeal for businesses during a previous meeting with President William Ruto was to increase the figure to Sh5 billion, this request cannot be met. "We think that could be a bit too high.
We are likely to settle at Sh3 billion," said the CS while addressing players in the private sector from several industries, among them agriculture, finance, manufacturing, real estate and mining.
A proposal in the Public Procurement and Asset Disposal (Amendment), Bill, 2024, currently in second reading stage before the National Assembly, has placed a reservation of Sh1 billion for local firms.
