The Government’s economic plan, implemented over the past six years, has addressed various bottlenecks facing businesses such as increasing connectivity by expanding affordable power supply, rail and road networks, ports, markets locally and internationally, affordable financing mechanism and other initiatives that complement the Ease of Doing Business agenda.
The Government is committed to improving the business environment in Kenya to make the country the preferred destination for local and international investors.
The government has in particular placed emphasis on reforms that directly improve processes and costs associated with a broad range of business-related measures such as Company Registration, construction permits, Property Transfers, Commercial litigation, the insolvency framework amongst others. This has been made possible through enacting legislation, re-engineering processes, eliminating red tape, in critical areas that facilitate efficiency in the public sector space interface with the private sector.
In collaboration with the private sector, the Government continues to identify and implement cross-cutting reforms to improve the business regulatory environment on the platform of the Ease of Doing Business Reforms Agenda. Some of the areas in scope have included:
- Starting a business;
- Dealing with construction permits
- Getting electricity;
- Registering property;
- Getting credit;
- Protecting investors;
- Paying taxes;
- Trading across borders among others
Building on the reform agenda foundation; The department of business reforms and transformation (Ease of doing business) under the ministry of east Africa community and regional development supported by UK Kenya Tech hub among other partners have created an SME Business regulatory toolkit that espouses to help SMEs
- Engage with and understand the Kenyan regulatory environment in an easy and accessible manner
- Develop awareness to unblock regulatory barriers and enable SMEs in navigating regulatory complexities
- Assist in refining Kenya’s business regulatory environment through feedback
The toolkit is broken down into for key business development stages and enumerates the regulatory requirements as well as identifies key regulators within each stage.
- Plan Your Business
- Launch Your Business
- Manage Your Business
- Grow Your Business
The toolkit identifies special needs faced by SMEs at each stage and provides relevant support agencies and or regulators. The toolkit provides regulators covering general businesses as well as regulations for the following sectors;