Kenya lauded for enabling ease of business

Kenya is making against the Ease of Doing Business indicatorFrom MARIA MACHARIA in Nairobi, Kenya

NAIROBI, (CAJ News) – THE United Kingdom has hailed Kenya’s qualification as one of the leading reformers on enabling ease of doing business.

Lisa Phillips, the Department for International Development in Kenya (DFID-Kenya), congratulated the East African country on the UK’s behalf.

“The progress that Kenya is making against the Ease of Doing Business indicators may seem very remote from the lives of ordinary Kenyan businesses and households, but is actually very significant for three reasons,” she said.

The development can result in increased domestic investment and jobs, result in increased foreign investment in Kenya and seen as positive sign of the Government’s commitment to fight corruption.

However, Phillips guarded against complacency.

“The last time that Kenya was a top ten reformer was in 2008, when it had a Doing Business ranking of 78. Because of other countries then making progress faster than Kenya, we then dropped rapidly,” she said.

She stated stating that the British Government remained committed to helping the Government of Kenya continue with this work, and to briefly outline what we are doing to help the Kenyan economy.

“The UK is a major development partner on economic development in Kenya, and is helping to achieve the Vision 2030 goal of becoming a middle income country with prosperity for all.”

CAJ News

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Posted by on Oct 30 2015. Filed under Africa & World, Finance, Investing, National, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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