This archive report was first published on 25 October 2019.
Kenya has made significant strides in improving its business environment, ranking 56 globally in the World Bank's Ease of Doing Business (EODB) index with a score of 73.
Released on October 25, 2019, the report highlights Kenya's pursuit of reforms that have boosted the ease of doing business.
Key reforms include expanding the scope of movable assets that can be used as collateral, cancellation of security interests, and introduction of online features to the existing registries and public online searches for its collateral registry.
The launch of credit bureaus in Kenya has also helped reduce interest rates, collateral, and default of loans at commercial banks, strengthening access to credit.
Additionally, the report notes improvements in transparency when dealing with construction permits through online systems and reduced fees.
Kenya's electricity reliability has also improved with the inauguration of a new substation in Nairobi and modernization of existing infrastructure.
The country has made paying taxes easier by implementing a new platform incorporating social security contribution and online filing.
However, the report notes that Kenya has made property registration more difficult, with additional payment for slip generation and increased title search fees.
