This archive report was first published on 24 October 2019.
On October 24, 2019, Deputy President William Ruto emphasized the importance of Kenya's business environment in attracting investors and driving economic growth.
Speaking during the launch of the World Bank's Doing Business in Kenya 2020 Report in Nairobi, Dr. Ruto noted that despite ranking 56th globally out of 190 countries, Kenya should not rest on its laurels if it is to rewrite its economic trajectory.
“Intensified collaboration between the Government, development partners, and the private sector would firmly drive Kenya into being the continent’s business hub,” Dr. Ruto said.
He added that the country must adopt a radical and progressive stance in reforming the business and regulatory environment to make it a preferred gateway to Africa for investors.
Leaders present during the function included East African Community CS Adan Mohammed, World Bank Group Finance Competitiveness and Innovation Regional Focal Point Augustine Langyintuo, Development Partners Representative Julius Court, Head of Public Service Joseph Kinyua, and Kenya Private Sector Alliance CEO Carole Kariuki.
Dr. Ruto said the Government had upped its efforts in making it easy for businesses to flourish and turning Kenya into a home to a thriving army of talented and innovative entrepreneurs.
“Positioning on its own is not enough, strategic intent must go with action. This is what led to the President’s directive in 2014 to embed Doing Business as part of the Government’s deliverables in attracting investments, supporting the informal sector, and maintaining our competitiveness,” Dr. Ruto said.
