Investors downgrade Kenya over delays in key laws

23 Aug

Delays in the legislation of three key laws on business has made Kenya slide behind some countries in the region in attracting investors, a World Bank expert said on Tuesday.

Speaking at the launch of Doing Business in Kenya 2012, survey, Mr Bridgman said the country was not getting the level of investment it should be getting as a result of the laws not being clear enough. Rwanda, he said, was among the countries that had carried out major reforms which had grown local business and attracted entrepreneurs.

Sub-national and regional Doing Business reports capture differences in regulations and their enforcement across the country and the region.

The reports provide information on the ease of doing business in selected areas, which are ranked, and reforms recommended.

In the first survey, Doing Business in Kenya 2010, 13 local authorities among them Narok, Malaba, Thika, Kisumu, Mombasa, Nyeri, Garissa, Eldoret, Kilifi, Nairobi and Isiolo were studied.

He said the Kenya Private Sector Alliance and the Kenya Association of Manufacturers had raised issues with the way some local authorities were dealing with traders. He said some local authorities were insisting on charging branded trucks that pass through their jurisdiction, even when the law is clear about single licensing.

KEPSA chairman Patrick Obath asked the government to strive for a one-stop shop to reduce frustrations the private sector encounters

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