Business and Regulatory Environment

Description

The World Bank Doing Business Report (2013) ranked Kenya 129th out of 189 countries, which is a decrease of 7 positions from the previous year. Paying taxes, getting electricity, registering a property, and starting a business have remained time-consuming and costly. Kenya restricts foreign ownership in more sectors than other Sub-Saharan African countries. For example, foreign capital participation in telecommunications is limited to a maximum of 70 per cent. In the transportation sector, foreign investment is allowed only up to 50 per cent in railway freight, port and airport operations (World Bank 2010). On the other hand, the government has introduced private sector led reform and several incentives are provided for both domestic and foreign private investment. The government's export promotion programs do not distinguish between local and foreign-owned goods (U.S. Department of State 2013). Nevertheless, Kenya receives less long-term foreign investment inflows than any other EAC member country (African Development Bank Group 2013). The weakness of the judicial dispute resolution, and other cumbersome compliance items besides the high cost of doing business, have discouraged investment.

The Business Environment: Doing Business

Multilateral Trade Instruments

Abstract


The Trade Treaties Map tool is a web-based system on multilateral trade treaties and instruments designed to assist trade support institutions (TSIs) and policymakers in optimizing their country's legal framework on international trade

Instrument ratified :
Ratification rate :
Weighted score : /100
    Ratification Rate Rank Weighted Score Rank
In World :  
In Region :
In Development level :