Kenya up 12 places in World Bank ease of business index

Trade and Industry secretary Adan Mohamed: We are very excited and will continue improving with full involvement of private sector. file photo | nmg

What you need to know:

  • Slow registration of property and issuance of construction permits remain the biggest drags on the economy.
  • Kenya finished 80th in the 2017 ease of doing business index that surveyed 190 economies compared to last year’s position 92.
  • The new ranking, the highest since 2008 when the country finished in 84th position, means Kenya is the third most competitive economy in Africa after Mauritius (25th) and Rwanda (41st).

Kenya’s attractiveness to investors improved 12 places, the World Bank said in its latest ranking, which also shows that slow registration of property and issuance of construction permits remain the biggest drags on the economy.

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