Kenya has moved up 16 positions to 92nd globally in ease of doing business, the World Bank Ease of Doing Business report 2017 has indicated.
East Africa’s biggest economy held on to a spot in global top 10 improve list.
This performance has been attributed to a number of industry reforms, among them removal of stamp duty fees for nominal capital as well as enhancement in electricity connection processes especially in rural areas.
Kenya now ranks among top five countries in Africa.
Mauritius, Rwanda and Botswana take the lead of economies within which conducting business is easy, with South Africa and Kenya following in that order.
Other reforms that helped Kenya improve her ranking include reduction of time taken to comply with tax obligations from the previous 405 hours to 196 hours.
Other parts of the region records 304 hours in comparison to Kenya.
Kenya does not have extra barriers for women wanting to establish a business unlike in a section of other economies in the region, even as the country is reported to be grappling with a number of challenges among them power interruptions, multiple construction permits and registration of property.
Transferring a property in Kenya takes about 61 days compared to the global average of 51 days, while power outages are still a common feature in most parts of the country.