World Bank Ease of Doing Business report shows it is much easier to start a business in Kenya than it was a year ago. The report sheds light on how easy or difficult it is for a local entrepreneur to open and run a small to medium business, while at the same time complying with relevant regulations. Another aspect that was ranked high is the ease of closing a business. These two areas – ease of entry and exit – are some of the key measures of the competitiveness of a business environment. The easier these two processes are, the more competitive the business environment. Overall, the Kenyan business environment is now ranked 92 from the previousranking of 113 out of 190 economies.
Other areas of major improvement are the protection of minority interests and ease of getting electricity. Marginal improvements were made in dealing with contruction permits, registering property and trading across borders. However, the ease of doing business deteriorated in three aspects of paying taxes, getting credit and enforcement of contracts. In summary, in the six areas that were considered in the survey, improvements were recorded in six of them.