Another First as KDIC Performance Contracting Rating Improves.

The Kenya Deposit Insurance Corporation (KDIC) has posted a composite score of 2.8587 in the just concluded evaluation of the 2021/2022 Performance Contracting targeting  Ministries, Departments and Agencies (MDAs). The score is a significant improvement of the Corporation’s rating over the last four Financial Years, during which  KDIC posted a composite  score of slightly above 3.0. According to PC guidelines, the lower the score the higher the performance.

In the latest exercise conducted in line with the 2021/22 P.C guidelines, the Corporation was evaluated against various indicators touching on KDIC’s area focus areas of Resolution as well as Risk and Examination.  Also considered during the evaluation, were Financial stewardship, Service delivery, Implementation of presidential directives, Access to Government procurement opportunities among other Cross-cutting issues.

KDIC Chief Executive Officer Mr Mohamud A. Mohamud who led his team during the evaluation exercise, affirmed the Corporation’s commitment towards excellence service delivery,  aimed at fully achieving outlined objectives and consequently  its vision. Present were General Managers Paul Manga (Risk and Examination) Robert Mbarani (Corporate Service) David Irungu (Resolution) among other members of the KDIC Senior Management.

The exercise, conducted by the Public Service Performance Management and Monitoring Unit, was coordinated by the Corporation’s Office of Strategy and Planning headed by Lawrence Shoona.

Performance Contracting was introduced by the Government of Kenya not just to improve service delivery in the public service but also refocus the mindset towards a culture of focusing and serving the customer and results. P.C is a freely negotiated agreement between the government, acting as the owner of a public agency and the Board of the agency.