Nairobi, Feb. 17 -- The Kenya Reinsurance Corporation (Kenya Re) has been put on the spot for attempting to dodge the award of a tender for valuing its multi-billion shilling assets, even after a company won the bid.

The insurer terminated the tender for the provision of consultancy services for asset valuation on January 6 despite its internal teams having recommended an award to a local firm, which triggered legal disputes.

Kenya Re said it cancelled the bids after an unidentified call to a member of the tender committee and a rowdy visit by five individuals to its office. The public procurement watchdog, however, rejected the insurer's action.

Records filed with the Public Procurement Administrative Review Board (PPARB) show that a ...