By Steve Mkawale
The state of Kenya’s business environment will undergo major transformation in the next three months with the publication of the Business Regulation Bill, Finance Minister Njeru Githae assured Parliament.
The minister told the House on Wednesday the Bill providing for the establishment of an electronic registry for business licensing is now with the Attorney General.
“The e-registry will act as a platform for entering, storing and availing information about all business licence requirements in Kenya,” said Githae.
enhanced registry
“The e-registry will also facilitate easy access to exhaustive information about business licenses and the formalities business must comply to obtain licenses.”
Dr Kones had sought the Government view of the recommendations of the 2011/2012 Doing Business Report.
The report, released by the International Finance Corporation and the World Bank Group, to encourage simple and efficient regulation designed to facilitate establishment and operations of businesses.
The MP had further sought to know the regulatory measures the state had taken to improve the country’s overall investment report.
The report that ranked Kenya 109th indicated that the cost of starting business in the country was generally high, averaging 55 per cent of income per capita.
Githae said the Government had established a Regulatory Reform Working Committee to coordinate all regulatory reforms.
