Interrogating problems facing parastatals in Kenya
| International Journal of Economics and Management Studies |
| © 2019 by SSRG - IJEMS Journal |
| Volume 6 Issue 6 |
| Year of Publication : 2019 |
| Authors : Joseph Nyerere Kimia |
10.14445/23939125/IJEMS-V6I6P114
How to Cite?
Joseph Nyerere Kimia, "Interrogating problems facing parastatals in Kenya," SSRG International Journal of Economics and Management Studies, vol. 6, no. 6, pp. 92-96, 2019. Crossref, https://doi.org/10.14445/23939125/IJEMS-V6I6P114
Abstract:
This paper makes a case for interrogation of problems that face parastatals in Kenya, across the service and regulatory sector. This will be discussed in the context of the procurement management, transparency and accountability, recruitment of human resources, reliance on exchequer and corporate debts. Procurement management entails adherence to the public procurement and asset disposal act, 2015, attendant regulations and amendments as per the prevailing finance bill. Adherence to the act ensures prudent use of scare resources in the public sector. Efficient recruitment of human resources has a direct impact on organizational performance, transparency and accountability initiatives across the sector. Reliance on the exchequer is a time bomb in the sector due to competing demands for funds to actualize political party manifestos hence the need to have sustainable sources of revenue streams
Keywords:
Parastatals, procurement management, transparency, accountability, organizational performance, corporate debt, board of directors, political party manifestos.
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