Browsing: Ease of Doing Business in Kenya

• A finding by online marketplace Airduka has found that small-scale sellers in Kenya are optimistic that the business environment will remain stable in 2023
• The study found that 75% of small scale sellers expect the trading environment to be calm over the next twelve months now that risks associated with threats such as COVID-19 and the general elections have settled
• As per the finding, 60% of sellers said they expect their revenues to remain steady in the first half of the year, with growth expected in the second half

Small-scale sellers in Kenya are optimistic that the business environment will remain stable in 2023.

A finding by online marketplace Airduka found that 75% of small scale sellers expect the trading environment to be calm over the next twelve months now that risks associated with threats such as COVID-19 and the general elections have settled.

Airduka surveyed a section of sellers …

Kenya’s Association of Manufacturers have urged Government to harmonize laws, policies and regulations, at the National and County levels, to drive the competitiveness of local industry.

This was during the launch of the Regulatory Audit Report, 2020 that highlights regulatory challenges facing the business community across the country.

Speaking during the launch, KAM Chair, Mucai Kunyiha explained that whilst regulations seek to create a level-playing field for businesses, regulatory overreach hinders the competitiveness of local industry.

“At the national level, manufacturers are required to adhere to duplicating requirements, from different regulatory bodies, in addition to meeting numerous tax obligations. In the counties, we have to pay various fees, levies and charges. This drives up the cost of doing business in the country, thus reducing our competitiveness locally, regionally and even globally,” highlighted Mr Kunyiha.

The county governments have also been urged to formulate a tariffs and pricing policy to guide …

The Kenya National Chamber of Commerce & Industry (KNCCI) has partnered with several agencies to enable a meeting between Kenyan companies and 23 Indian firms primarily in the agricultural sector with different interests.

The partnership involved KNCCi and the International Trade Center (ITC) as well as the Federation of Indian Export Organizations (FIEO).

During the meeting, the Deputy Director State Department of Industry Nyongesa Wafula said the Kenyan government is keen in creating an enabling environment for business partnerships between local and international firms. He urged investors in the sector to focus on four priority areas including packaging and power generation in agricultural zones.

“We also have a huge potential in the mechanization of agribusiness and aggregation of small scale farmers to allow large scale production. We urge Indian companies to capitalize from the deficiencies in these areas,” Nyongesa Wafula said.

The Indian government on its part through India High …