[WATCH] We Want Blockchain in All Systems of Government to Significantly Reduce Corruption, Says CEO, Kenya Private Sector Alliance (KEPSA)

The Kenya Private Sector Alliance (KEPSA) has called on the Kenya government to implement blockchain technology as a system to bring transparency and increase efficiency.

According to Carole Kariuki, CEO, KEPSA, the efficiency brought about by blockchains will be useful in government procurement which has, in particular, been riddled by corruption over the years.

The latest data from Transparency International, a non-governmental body that tracks corruption ranks Kenya 128 out of 180 globally when it comes to its Corruption Perception Index with a score of 30%.

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If that wasn’t enough, 45% of public service users in Kenya reported in the Transparency International Survey that they had paid a bribe in the last 12 months before the survey.

KEPSA brings together over 1 million local and foreign businesses, and in the past, has decried the impact of corruption on Kenya’s economic growth potential.

The pre-eminent body for Kenya’s business community also revealed that it is in discussions with the country’s Central Bank of Kenya (CBK) concerning the adoption of cryptocurrency.

It is not clear however if this was in reference to the Kenya CBDC, even though the Central Bank has issued a call for stakeholders and all Kenyans to submit presentations about the viability and relevance of cryptocurrencies.

The government of Kenya is also transforming the way Kenyans are identified and access public services, by implementing a multi-purpose identification card (Huduma Namba) that is built on the blockchain.

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About KEPSA

KEPSA is the private sector apex and umbrella body set up in 2003, to bring together business community in a single voice to engage and influence public policy for an enabling business environment. The Kenya Private Sector Alliance (KEPSA) is a limited liability membership organization.

With current membership of over 500,000 direct and indirect members organised through Business Membership Organizations and Corporate members, KEPSA is a key player in championing the interests of the Kenyan business community in trade, investment, and industrial relations.

Some of its premium members include: