The Kenya National Chamber of Commerce and Industry (KNCCI) 2nd Vice President Ms. Fatma Emaawy today witnessed the launch of
Ethics 1st platform by Center for International Private Enterprise (CIPE) Africa at Africa Business Ethics Conference (ABEC) 2021.
This is a new initiative for improving transparency & scaling access to African companies that demonstrate commitment to high standards of governance, anti-bribery & corruption (ABAC).
The Ethics 1st is a platform for African businesses looking to build global recognition and gain trust with global investors and business partners.
Ms. Elmaawy has urged BMO’s to self regulate themselves and their members as this is one of the ways of ensuring ethical trading activities in Africa.
The Chamber 2nd Vice President has noted that failure to regulate their members, BMO’S face the risk of being hit back when they represent rogue businesses.
“Let us practice self regulation. Self regulation is not one sided, it should start with BMO’s and triple down to members”, said Ms. Elmaawy.
Together with Ms. Elmaawy, KNCCI County Executive Officers of West Pokot, Kirinyaga and Nairobi were among those that represented the Chamber at the ABEC conference.
Key message at the conference was embracing effective business ethics for increased profits and reduction on risks, not for self but for the future generation.
The 3rd ABEC 2021 conference that kicked off yesterday at the Trademark Hotel-Nairobi ended today with participants commiting to take part in the fight against corruption since this is a major contributor of unethical businesses in Africa.