Browsing: Ease of Doing Business in Kenya

Airduka
  • 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 …

Kenya is losing over KSh100B ($939.2 million) in revenue to counterfeit businesses annually, according to a recent report.  

The report released by the Anti-Counterfeit Authority (ACA) prepared to determine the extent and magnitude of illicit trade noted that between October 2019 and February 2020, government revenue lost in 2018 stood at KSh102.99 billion ($967.3 million) up from KSh101.23 billion ($$950.78 million) in 2017. 

The hardest hit is the manufacturing sector which is under a crippling threat.  The situation got so bad that President Kenyatta issued a warning to importers trying to thrive from importation of counterfeit goods. 

“Counterfeits are a major hindrance to the development of the local manufacturing sector  denying millions of young Kenyans employment opportunities,” President Kenyatta said. 

Also Read: Kenya's fight against counterfeits targets USD2 million annually

Counterfeiting is a global supply chain problem.  

Counterfeiting and piracy

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 …