Why Uhuru Should Work With Raila To Fight Economic Crimes

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Corruption is the single greatest obstacle to economic and social development around the world.

The fight against corruption has deeply entrenched to the culture of Kenyans where the issue of kickbacks has become a norm.

It stifles economic growth, undermines the rule of law, and squanders talent and precious resources. Where corruption is rife, companies are reluctant to invest as the costs of doing business are significantly higher. Ultimately, corruption prevents people, countries, and businesses from fulfilling their potential.

Over the last two years, the president has been on the record condemning the exercise with less output being seen. Corruption is a complex phenomenon. Its roots lie deep in bureaucratic and political institutions, and its effect on development varies with country conditions.

Corruption in the way deals are made, contracts are awarded, or economic operations are carried out, leads to monopolies in the economy. Those business owners who can use their connections or money to bribe government officials can manipulate policies and market mechanisms to ensure they are the sole provider of goods or services in the market.

Many countries with emerging economies suffer from a high level of corruption that slows their overall development.

The entire society is affected as a result of the inefficient allocation of resources, the presence of a shadow economy, and low-quality education and healthcare. Corruption thus makes these societies worse off and lowers the living standards of most of their populations.

Economic analysts state that the head of state should work with relevant authorities to fight the vice as it cant be won by a single individual.

John Kamuge, economic analyst states that the head of state should fire all the corrupt individuals in the government engaging with the act.

‘Let the president open the eyes and see the bigger picture, those who are mentioned should be fired and prosecuted for promoting economic injustice across the Country,’ he said.

 

 

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