Let’s improve our business environment

Doing business in Kenya has hardly improved according to a World Bank (WB) report released last week, which highlights the perils for small and medium-sized companies. The 2015 WB ranking of countries on the basis of how easy it is to do business in them, ranked us 136th among the 189 countries evaluated.

This is an insignificant improvement from our previous year’s 137th position and well below Rwanda, ranked 46th globally and which is considered the easiest place to do business in Africa. The Doing Business (DB) report assesses how easy or difficult the regulatory and legislative environment makes it to do business in a country. This year’s rankings on the ease of doing business are the average of an economy’s percentile rankings on 10 topics; starting a business, dealing with construction permits, getting electricity, registering property, paying taxes, trading across borders, getting credit, enforcing contracts, protecting investors and resolving insolvency.