The best towns for start-up success in Kenya
SEE ALSO :The unusual hustlers' denIn the IEA study, dubbed the Kenya Urban Areas Performance Index 2017, the city of Mombasa was ranked first when it comes to investment and trade. This was as a result of the officials of Mombasa County providing information to investors in Kenya’s two official languages, English and Kiswahili. The city also had the highest number of building permits issued at 0.83 per 1,000 people, and saw relatively high growth (10 per cent) in the number of business licences issued per person. And of the six urban areas covered in the IEA report – Mombasa, Nairobi, Kisumu, Machakos, Eldoret and Nakuru, it takes the shortest time at 41 days to register property in Mombasa city. Business permit costs Nakuru, Kisumu and Machakos didn’t do too well in the ranking over non-disclosure on the number of business permits issued. However, the study found Nakuru to have the most tax-friendly environment of the six urban areas.
SEE ALSO :Is blue light killing your productivity?“It provides sufficient information on local taxes and levies like most of the other urban areas, but has the lowest parking fees at Sh100,” said IEA Programme Coordinator John Mutua. Further, in Nakuru, the cost of a single business permit for a general merchant shop is Sh4,000, against a mean cost of Sh5,367. Mombasa’s single business permit levy for a general merchant’s shop of Sh7,000 is the most expensive in the six urban areas studied. Good outcomes The 2016 World Bank report, which looked at things from the perspective of small and medium-sized firms, found that it’s easier to start a business in Uasin Gishu (Eldoret), deal with construction permits in Kisumu, register a property in Nairobi and enforce a contract in Busia (Malaba). [email protected]