Login

Lost your password?

Sign Up

Register

Login

Login

Lost your password?

Register

Friday, May 20, 2022
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion

Africa's
Investment
Gateway

The Exchange
  • Login
  • Register
Subscribe
This Month's Edition
Previous Editions
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
No Result
View All Result
The Exchange
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
No Result
View All Result
The Exchange
LOGIN
Demolitions going on in Nairobi are estimated to cost the Kenyan economy in the excess of Ksh 5 billion which would otherwise have been avoided if strict adherence to rule of law was followed.

Photo Courtesy Capital FM Kenya

Kenya’s ghosts of impunity comes back to haunt the economy

Demolitions going on in Nairobi are estimated to cost the Kenyan economy in the excess of Ksh 5 billion which would otherwise have been avoided if strict adherence to rule of law was followed.

by Kimani Chege
August 9, 2018
in Kenya
0
Share on FacebookShare on LinkedIn

 Nairobi buzzing economy, -often compared to top cities across the continent- is superimposed with under dealings that for years has left the country weighing heavily on corruption.

As a matter of fact, just as Nairobi controls the giant share of business, trade and economy- after all, this is the biggest city in East and Central Africa- the city also controls the biggest share of corruption in the country.

For decades, the jostle to have a piece of the city has led to massive corruption in the acquisition of land and any space bestowed to the community for their use has ended up in the hands of wealthy business people and politicians.

Then one morning, Kenyans received news that the two main political competitors President Uhuru Kenyatta and opposition leader Raila Odinga have met and agreed to tone down political infighting. What has followed is unprecedented onslaught on corruption and impunity, which was part of the agreement between the two leaders.

However, the ghosts of the pasts are still weighing down the country. The city has been witnessing a series of demolitions meant to bring down buildings and structures wrongly constructed either on road reserves and riparian sections.

It all started with demolition of shanty structures on road reserves in Kibera. This operation which even met the opposition of United Nations saw flattening of homes as well as public utilities, at a massive cost in terms of demolition operation as well a loss in property for civilians.

Then came the big one, the National Environment Management Authority (NEMA) which is keen to reverse construction on riparian land. This operation has seen property worth billions of shillings destroyed. Petrol stations, Malls and even Java Coffee House have been flattened. The South End Mall, built over Mbagathi River is estimated to have cost at least 1.5 billion shillings to build. Coupled with loss of property to traders occupying the building as well as loss of business will have a loss exceeding 3 billion shillings. This is the cost of impunity.

The Kenya Private Sector Alliance has supported the fight against impunity as well as corruption, but as the situation is, its members are feeling the pinch of a vice conducted many years ago.

In a statement released early this year, the organization noted impunity was slowing down the economy. “KEPSA recognizes the value in advancing transparency and good governance and therefore calls for a firm approach to be taken to all the individuals and institutions involved,” KEPSA’s leadership said.

“KEPSA joins concerned members of the public and Government officials in condemning in the strongest possible terms the plunder, and in asking that those deemed responsible be brought to justice,” it added.

According to KEPSA,the intervention by the government and law enforcements agencies represents Kenya’s best chance of finally holding the perpetrators of grand corruption to account.

“A main component of this anti-corruption crackdown is that the government must demonstrate unquestionable political will and commitment to the fight. On the other hand, the private sector must come clean and be transparent,” KEPSA said.

Read also: Kenyan manufacturers’ fresh move to fight corruption in Kenya

Tags: Corruption in KenyaJava HouseKenya's EnvironmentKepsaNairobiNational Environment Management AuthorityRaila OdingaUhuru Kenyatta

STATE OF ECONOMY - GET THE REPORT

ASSESSING EAST AFRICA

Loading...

Kimani Chege

Related Posts

Growth in employment earmarks Kenya's post-pandemic economic recovery. www.theexchange.africa
Countries

Growth in employment earmarks Kenya’s post-pandemic economic recovery

May 11, 2022
www.theexchange.africa
Banking

Kenya: Business conditions worsen as customer demand declines

May 9, 2022
www.theexchange.africa
Business

Kenya: President Kenyatta Increases Minimum Wage by 12 Per Cent

May 2, 2022
Next Post
Greenpeace Africa

Kitui County heeds to Greenpeace Africa's call to fund agriculture

Internet outage in Ethiopia

Ethiopian Government in trouble following internet outage

The manufacturer of East African fast moving consumer products has partnered with both American and South African entities to increase tracking and supply efficiency as it sets to modernize its operations and launch new production lines.

Bidco Africa invests massively on digital supply chain monitoring

Please login to join discussion




This months edition

May Edition

Features

EdTech role in African development
Tech & Business

EdTech’s role in African development

by Kanyali Muthui
May 16, 2022
0

Due to the pandemic, the topic of innovation in education has never been more crucial.  While most developed countries moved...

Read more
investment in African science and technology
Tech & Business

Investing in Africa’s science and technology: Where are we now?

by Kanyali Muthui
May 16, 2022
0

The continent’s digital revolution can largely be driven by building the necessary skills for the short- and long-term future, and...

Read more
Fintech revolution in Africa
Tech & Business

The Fintech Revolution in Africa’s FX Markets

by Kanyali Muthui
May 11, 2022
0

With over 548 million registered mobile money users in sub-Saharan Africa, increased internet access and readily available mobile money solutions,...

Read more
www.theexchange.africa
Countries

US – Nigeria Trade Relations: An Overview

by Wanjiku Njugunah
May 2, 2022
0

Nigeria is currently the United States' 54th largest goods trading partner, with US$7.8 billion in total goods trade as of...

Read more
A previous conference for African Insurtech sector. The Insurtech boom is deepening insurance uptake in Africa. www.theexchange.africa
Tech & Business

Insurtech boom deepening the uptake of insurance in Africa

by june njoroge
May 2, 2022
0

Kenya-based Pula is another distinguished insurtech making waves in the continent. It provides small scale farmers with agricultural insurance and...

Read more

News

Banking
Industry & Trade
Investing
Money Deals
Regional Markets
Tech & Biz
Opinion

Countries

Kenya
Tanzania
Uganda
Burundi
Rwanda
Southern Africa
Ethiopia

More

My Account
Contact us
Advertise
About us
Help Center

Subscribers Center

E-paper
Premium Stories
Education Rates
Corporate Subscriptions
Weekely Newsletter

  • My account
  • About us
  • Advertise
  • Contact
  • Privacy Policy
  • Refund Policy – The Exchange
  • Sitemap

No Result
View All Result
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
  • Login
  • Sign Up
  • Cart

© 2021 The Exchange - Powered by MediapixManaged by Supported by Digihandler,

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In