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Why being informal hinders business growth

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The formalisation process includes obtaining licenses, and registering with the Registrar of Companies. [iStockphoto]

When President Uhuru Kenyatta announced a subsidy for maize millers and halved the price of a two-kilogramme maize flour packet, it was a relief to millions of Kenyans.

The price of maize flour (grade one) had soared to Sh230 for a 2kg packet making this staple food almost luxurious.

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