Private sector corruption on the rise, endangers long term investment

Iria-ini Tea Factory- Workers in operation at Iria-ini tea factory yesterday. KTDA director, Peter Kanyago urged farmers and other stakeholders in the tea industry to embrace the use of tea plucking machines. PHOTO: JOHN GATHUA/ STANDARD.

Kenya's private sector has warned that high levels of corruption within its ranks is increasing the cost of doing business and endangering long term investment.

The caution comes in the wake of renewed efforts by the Government and private sector players to improve the country's global ranking in the cost of doing business survey and increase the flow of foreign direct investment.