Blockchain Association says Treasury’s GENIUS Act rollout needs clearer DeFi, foreign issuer rules

The Kenyan National Treasury has sought public input on proposed changes to tender rules, aiming to increase opportunities for youth, women, persons with disabilities, small businesses, and marginalized groups. The public participation exercise, announced via MyGov on October 20, 2026, invites Kenyans to submit comments on the draft Development of Preferences and Reservations in Public Procurement and Asset Disposal Framework until November 3, 2026.

The proposed framework seeks to bolster rules for government tenders and public asset reservations, enhancing inclusivity, transparency, and accountability. It focuses on expanding opportunities for young people, women, persons with disabilities, marginalised communities, and micro, small, and medium enterprises. The Treasury also plans to strengthen requirements for determining eligibility and registration for preferential contracts, including procedures for preventing fronting and collusion.

The framework proposes measures to ensure fair competition and stronger monitoring, reporting, and accountability. The latest initiative follows President William Ruto's January 2026 announcement to train 600,000 Kenyans for reserved government contracts, targeting youth, women, and persons with disabilities. The State Department for Public Investments and Assets Management has invited various stakeholders, including businesses, professional bodies, civil society organizations, public institutions, and individual Kenyans, to review and provide feedback on the draft framework.

Comments should identify specific provisions for amendment, proposed changes, and supporting rationales. The Treasury emphasized the importance of public input in developing fair, practical, and enduring rules, and invited submissions via email or physical mail to the Principal Secretary of the State Department for Public Investments and Assets Management, P.O. Box 30007, Nairobi.