Speed up approval of business-friendly laws, investors tell MPs

High taxes, punitive regulations and bureaucratic policies within government were top of the list of the complaints that the private sector wants Parliament to address as they review two key laws to open up the business environment.

The investors cornered Speaker Justin Muturi, his clerk Justin Bundi and the chairpersons of House Committees at a meeting in Mombasa’s Whitesands Hotel, where they demanded fast-tracking of the Companies Bill, 2015 and the Insolvency Bill, 2015. At the annual meeting with the Kenya Private Sector Alliance (Kepsa), the Speaker and the Clerk of the National Assembly agreed to speed up  enactment of laws to improve the business environment.