This archive report was first published on 26 October 2019.
On October 26, 2019, Kenya made significant strides in improving its business environment, according to the World Bank's 'Doing Business' report.
The country ranked 56 out of 190 countries surveyed, a notable improvement from its position of 61 last year.
Kenya's improved business climate is attributed to reforms adopted in the past decade, including changes to laws and policies, and the expansion of infrastructure to facilitate the movement of people and goods.
However, despite this progress, several challenges persist, including corruption, high taxes, and restrictive regulations.
Investors often face difficulties in obtaining licenses and securing contracts due to bribery and corruption.
Additionally, devolved governments have introduced levies that force investors to pay twice for services or approvals, adding to the cost of doing business.
Arbitration of disputes remains a major setback due to the lengthy period it takes to resolve matters at various tribunals or courts.
Investors require speedy administration of justice to facilitate their operations.
