Industrialization and Enterprise CS Adan Mohammed speaking at the Cabinet Secretaries Forum
A report released by the ministry of Industrialization and Enterprise Development ministry indicates that Kenya’s micro and small enterprises are profiting from government regulatory and competitiveness reforms (that have focused on benchmarking exercises of procedures and processes against ease of doing business). The Business Environment Delivery Unit is one of these reforms.
The further goes on to indicate that cross cutting reforms under starting a business, getting electricity and credit, registering property, construction permit and trading across borders rank as among the most influential indicators impacting the private sector. For instance, it now takes 12 days to register a business in Kenya, down from 32 days, while it takes 75 days to connect electricity for a business premise; previously this took 158 days.
According to Industrialization and Enterprise Development Cabinet Secretary, Adan Mohammed, the government has been able to understand the workings of the private sector better thanks to the Business Environment Delivery Unit. In addition to this, the Ease of Doing Business Indicators measure and track regulations affecting the life cycles of businesses; evaluating how easy or difficult to open and run a small or medium-sized business when complying with regulations.
The government has gained support from the World Bank in the implementation of legal and administrative reforms in order to improve the country’s investment climate in the 2014/2015 financial year.