26th October, 2016
Kenya has climbed 21 places to 92nd from 113th last year in the world bank’s doing business 2017 report released today, retaining the rank of the third most reformed country in the world and top in Africa. Kenya has with this result attained a record 44 places jump in two years to return to clinch Africa’s top reformer slot and break into the double digit zone for the first time since 2009. The report indicates that Kenya has implemented regulatory reforms in 5 indicators aimed at making it easier for local entrepreneurs to do business in the country in 2016/17, amongst the highest reforms by any country. A record 137 economies around the world have adopted key reforms that make it easier to start and operate small and medium-sized businesses. The new report finds that developing countries carried out more than 75 percent of the 283 reforms in the past year, with sub-Saharan Africa accounting for over one-quarter of all reforms.