ICPAK questions funding mechanisms for party manifestos

Business Daily Kenya:  Kenya’s Institute of Certified Public Accountants of Kenya (ICPAK) has questioned the funding mechanism of projects ...

Business Daily Kenya: 

National Chairman Julius Mwatu right.

Kenya’s Institute of Certified Public Accountants of Kenya (ICPAK) has questioned the funding mechanism of projects contained in Jubilee and Nasa manifestos. ICPAK said that some of the projects and plans listed are not realistic and measurable.

The institute’s National Chairman Julius Mwatu applauded the Jubilee Party, National Super Alliance (Nasa) and Third Way Alliance for launching their Manifestos, which he termed as a key cornerstone of Kenya’s electoral democracy as it gives the electorate a fair idea of candidate and political parties plans of candidates.

However, Mwatu (pictured right with council member Samuel Okello) said the manifestos had also left out key issues like the financial sector regulation which is a key driving sector of the economy.

“Party manifestos are useful and serve as important benchmarks for measuring performance and ensuring governments are accountable once elected,” said Mwatu. “The big question is how are they going to fund the proposals in the manifestos.

Are the plans realistic and measurable?” asked Mwatu. “Manifestos should also factor in major issues affecting Kenyans such as food security and corruption.” he said.

ICPAK also appealed to candidates vying for various political seats to hold peaceful campaigns so as to assure investors and Kenyans at large that the country would remain open for business even after elections.

He expressed concerns over cases of incitement and violence being witnessed in some parts of the country ahead of the August 8 General Election saying they were sending wrong signal to investors.

“Studies have shown that Kenya’s economic cycle tends to follow a rhythmic pattern, whereby once every five years, the country registers low Gross Domestic Product growth and reduced Foreign Direct Investment inflows,” he said.

The institute further called on professionals, businessmen, politicians, students and clergy to help Independent Electoral and Boundaries Commission conduct and deliver a credible and fair election. “We must uphold the rule of law as enshrined in the Constitution of Kenya 2010 to ensure peaceful elections, as well as campaigns,” he said.

The post ICPAK questions funding mechanisms for party manifestos appeared first on Mediamax Network Limited.

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