Corruption accounts for loss of resources enough to create 250,000 jobs in Kenya annually, the World Bank has said.
In its latest economic update titled ‘Kenya at Work’, the report says an enterprise survey found out that firms pay up to 12 per cent of value of government contracts to win them and four per cent value of their sales is directed towards bribe payment.
Total kickbacks paid on government contracts are approximated at Sh36 billion and another Sh69 billion is paid in form other related bribes.
“Kenya stands out for it’s business related corruption than any other country in the world,” the report says.
Currently only about 50,000 out of an estimated 800,000 youths leaving school annually get employment.
“Nepotism, tribalism, sexual harassment and corruption determine who gets these jobs leaving the rest to find their own means of survival,” said World Bank country director Johannes Zutt.
Choosen excerpts by Job Market Monitor from
via allAfrica.com: Kenya: Corruption Killing Job Creation in Kenya, Says New World Bank Report.
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