East Africa’s largest economy and the region’s preferred investment destination, Kenya, has been ranked number one in fraud and corruption tendencies in the region. According to a report  by an International Audit firm, Ernst and Young one in every three Kenyan companies surveyed had paid bribes to win contracts. The survey conducted in 59 countries ranks Kenya behind Egypt, Nigeria and Namibia as economies where private sector corruption is most pervasive and distorting of tender award processes. According to the report, 27 per cent of the chief executives, financial controllers and internal auditors surveyed in Kenya cited high levels of…