The Public Procurement Regulatory Authority (PPRA) has issued a fresh reminder to all procuring entities across the country to ensure the timely remittance of the Capacity Building Levy (CBL) before the close of the financial year.

🇰🇪 Breaking It Down

In the notice, PPRA warned that institutions that fail to remit the levy within the required timelines risk attracting financial penalties that will continue accumulating until full payment is made.

According to the authority, delayed remittance of the Capacity Building Levy attracts a penalty of five per cent every month on the outstanding amount.

PPRA emphasised that the penalties will continue accruing until the entire unpaid balance is cleared, potentially increasing the financial burden on non-compliant institutions over time.

📌 What You Need to Know

PPRA emphasised that the penalties will continue accruing until the entire unpaid balance is cleared, potentially increasing the financial burden on non-compliant institutions over time.

PPRA has, in recent years, intensified efforts to strengthen accountability compliance in public procurement processes as part of broader reforms aimed at improving transparency and efficiency in the management of public funds.

The authority issued the reminder as the current financial year approaches its conclusion, a period when many government agencies, state department corporations, and public institutions are expected to finalise financial obligations and compliance requirements.

The Capacity Building Levy (CBL) is one of the mechanisms used to support procurement training, professional development, and capacity enhancement within Kenya’s public procurement sector.

The latest notice now places pressure on procuring entities to settle outstanding obligations within the stipulated timelines to avoid mounting penalties and possible compliance issues.

The reminder is expected to affect ministries, state corporations, county governments, and other public institutions involved in procurement activities, many of which are currently finalising end-of-financial-year compliance requirements.

📰 Source: Kenyans.co.ke