More companies continue to join the Blue Company Project with The Standard Group PLC being the latest company to join. Other new entrants are RSM Eastern Africa, JW Seagon & Company Ltd, The Karen Hospital, Signature Healthcare Ltd and JW Seagon & Company Insurance Brokers (K) Ltd.
The Blue Company Project is an initiative founded by Mr Nizar Juma in 2018 that is focused on fighting corruption by promoting a culture of integrity in the private sector.
The project, which now has 500 private companies provides its members with five benefits among them competitive advantage, network collaboration and trading, brand visibility, brand value and employee retention.
According to Dr Kipng’etich, Corruption is the biggest impediment to every development in this country and countries that have fought corruption like Rwanda, Mauritius and Botswana have seen their economy grow to even double digit. He added that if the private sector deals with corruption and government does its part, the dragon of corruption in the country shall be slayed.
The project has three main principles that companies keen to join have to show commitment to.
First, the CEO of a company has to write to employees and their subsidiaries, informing them that no worker is allowed to give or take a bribe in any form. This contravenes condition of employment and will be treated as gross misconduct and liable to summary dismissal.
Secondly, the CEO also has to declares that all donations, gifts and favours given or received by the company or any employee from a customer or potential customer is transparent; declared and official.
Lastly, that the CEO shall declare a policy of being free from favouritism based on tribe, gender, religion, colour, creed or any other form of bias.
Additionally, the project is in the process of coming up with an ethics committee that will hold the companies under it to account and ensure the principles are upheld.
The blue company project is an initiative that will help fight corruption in the private sector and consequently support the governments fight against corruption. Kenya stands to gain a lot including economic growth of between 8 to 10 per cent and an inflow of investors in the country if corruption is fought.