Tax filing lifts Kenya’s business profile

Felipe Jaramillo, the WB Kenya country director. FILE PHOTO | NMG

What you need to know:

  • The Doing Business 2019: Training for Reform report that surveyed 190 economies ranks Kenya among top 10 most improved, having jumped from previous year’s position 80.
  • This is despite slow registration of property and issuance of construction permits remaining the biggest setbacks on the economy. “In recent years, Kenya has embraced a strong reform agenda aimed at boosting investment and creating jobs.

Kenya has improved 19 places to rank at position 61 in attractiveness to investors, the latest World Bank index says. The Bank says in the report that the country has made great strides in registration of property, protecting minority investors and cutting time spent on filing tax returns.

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