BUSINESS and FINANCE

Kenya Ease of Doing Business Improves

The ease of doing business in Kenya has improved significantly from the previous situation. Recent reports indicate that the ease of doing business in the country has improved over time when compared to the same time last year.

The economic condition and the ease of doing business in the country have improved according to recent reports. The report shows that the ease of doing business in South Africa continues to decline while that of Kenya improves. Kenya’s ease of doing business is currently ranked at position 108 out of 136 nations across the globe. This is a significant improvement from last year’s performance of position 120 out of 136. South Africa dropped from position 43 worldwide to 78 in the year 2016.

World Bank reports show that other sub-Saharan nations that have shown significant improvement include Senegal, Uganda, and Benin. The sub-Saharan has had the largest regulatory reforms in the year with at least one regulation implemented out of the 231 regulations of doing business in the nations. In Kenya, the ease of credit has improved from the previous 118th position to current 28th and the new laws allowing the expansion of credit facilities in the country to incorporate all sectors of the economy played a major role in improving the ease of doing business in the country.

Kenya’s score was boosted by the increase in the number of people accessing electricity while that of South Africa reduced because of the construction permits, which became a problem to many of the investors in the country. The total number of procedures required to build a warehouse increased by a further 30% during the last twelve months. The reports indicate that there is significant improvement of the economic conditions in the countries as measures have been put in place to counter the effects of global recession.

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