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Publication Date

1-1-2021

Abstract

The objectives of the study was to find out the effects of Public Procurement and Asset Disposal Act, 2015 (PPADA) on financial management in Kenya's State Corporations, a case study of the Agricultural and Food Authority (AFA). The specific objectives were: cost of goods and services procured transparency in the procurement processes, lead-time of procured goods, quality of goods procured affects the financial management of Agricultural and Food Authority. A descriptive study design was adopted for this study. Stratified sampling was employed in the study to pick out the management and other staff at AFA countrywide offices where a total population study of 186 respondents working under Administration, Finance, Transport, Research and Production Departments were drawn from the study population. The primary data was collected using structured questionnaires. The study findings revealed that cost of goods and services procured, transparency, lead-time of procured goods and the quality of goods procured in State Corporations affect their financial management. The study recommends that State Corporations should efficiently implement Public Procurement and Asset Disposal Act, 2015 (PPADA) to improve their financial management.

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