Over-regulation of businesses frustrates SMEs

Phyllis Wakiaga

Phyllis Wakiaga, CEO, Kenya Association of Manufacturers and Tirus Mwithiga, NCBA Group Retail Banking Director after signing a partnership that will support 300 SMEs in the manufacturing sector.

Photo credit: File | Nation Media Group

What you need to know:

  • Regulations when effectively implemented create an enabling environment for businesses to thrive.
  • However, when they are cumbersome, the ripple effect is a constrained business environment.

Last year, a Twitter user who sells water in her neighbourhood sought to venture into packaging the product, basically bottled water. She, however, discovered that to do so, she will need to meet numerous requirements in form of licenses, permits and fees. 

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