The Government and the private sector have drawn a plan of action that seeks to ease doing business in the country.
According to the 2014 World Bank Doing Business report (2014), Kenya slipped to position 129 in 2013, down from 121 the previous year.
“Improving the business environment is not only good for the private sector but also for the Government in achieving its long term development plans,” President Uhuru Kenyatta said. Some of the areas that require urgent action include improving registry at the Ministry of Lands and fast tracking the issuance of title deeds to make the exercise more efficient. Tax regime “Our meeting also touched on how to streamline the tax regime and digitise Government operations. These are some of the issues that affect the country’s ease of doing business,” the President said.
On security, Uhuru noted that the State would increase police presence as well as their mobility. Other measures include installing CCTV and adoption of the ‘Nyumba Kumi’ concept. Addressing the media at State House after holding a three-hour meeting with members of the Kenya Private Sector Alliance (Kepsa), the President underscored the need to reduce the cost of goods and services in the country. Attended by Deputy President William Ruto and other cabinet secretaries, the biannual event, which he chairs, seeks to explore ways to accelerate the country’s economic growth by supporting the private sector. The next meeting to be held in May will review the actions taken by the relevant ministries and departments, as well as the impact created.
