Kenya has jumped 19 positions in the Ease of Doing Business from position 80 last year (2017) to position 61 this year, out of 190 countries. The World Bank has attributed this improvement to various reforms implemented by the government of Kenya.
This is the first time since independence that Kenya is ranked in the top 65 nations as far as the Ease of Doing Business is concerned, and the 3rd time in four years to be among the top 10 most reformed countries globally.
According to the 2018 World Bank Doing Business report, the main improved areas that propelled Kenya to a better position include: Getting Credit, Protection of Minority Investors, Resolving Insolvency, Paying Taxes, and Trading Across Borders.
Kenya has been ranked alongside Afghanistan, Djibouti, China, Azerbaijan, India, Togo, Côte d’Ivoire, Turkey and Rwanda as countries with the most notable improvement in the 2018 ease of doing Business report by the World Bank.
President Uhuru Kenyatta has expressed his optimism that Kenya will rise even higher in the Ease of Doing Business, as the country continues to implement more reforms. He noted that more needs to be done in low scoring areas to further close the gap.
“One of the reforms that has enabled our rise in the ease of doing business is the introduction of strict regulations within the private sector that protect the investments of SME’s,” President Uhuru said today while addressing guests at State House, in Nairobi.