Jubilee yet again see kenya climb 21 places in WB's Doing Business 2017

[RV Pundit]

• Tweet

http://www.businessdailyafrica.com/Kenya-up-21-places-in-World-Bank-s-Ease-of-Doing-Business/539552-3430682-ukn8buz/index.html




These are the kinds of reforms we need to focus on!

[RV Pundit]

Kenya had moved 28 places last year. This shows that kenya has surpassed 50 countries in 2yrs!! kudos to national and county gov!

The improvement is compared to position 113 in the 2016 report where Kenya had moved 28 positions from the previous year.

[RV Pundit]

In Kenya, for example, the Ease of
Doing Business Delivery Unit operates
under the leadership of the Ministry
of Industrialization and the Deputy
President, meeting on average every two
weeks to discuss progress on an established action plan. The meeting is chaired
by either the Deputy President or the
Minister of Industrialization, while several stakeholder agencies are responsible
for implementing measures stated in the
action plan

[Nefertiti]

Now this is a real metric with ground impact for FDI. Aim is to be top 50 investor destination by 2020. At this rate I don't doubt it though it becomes tougher towards the top. If you check the top countries like Singapore, New Zealand, US you will notice they get massive FDIs relative to us. This is a major KPI that Jubilee is handling quite well.

[MOON Ki]

Now this is a real metric with ground impact for FDI. Aim is to be top 50 investor destination by 2020. At this rate I don't doubt it though it becomes tougher towards the top. If you check the top countries like Singapore, New Zealand, US you will notice they get massive FDIs relative to us. This is a major KPI that Jubilee is handling quite well.

"Ease of doing business" is just one factor in attracting FDI.   A place like Kenya has other issues that should be dealt with ... meat-eating getting in the way.     For example, American companies looking to invest elsewhere might typically start by looking at the US State Department's "Investment Climate Statements".   Here is what the 2016 (Aug) one on Kenya says:

Corruption remains a major impediment to investmentcorruption scandals appear almost daily in local media. Foreign companies continue to complain of significant delays in work permits.

http://www.state.gov/e/eb/rls/othr/ics/investmentclimatestatements/index.htm#wrapper

And some things we all know:

Corruption in Kenya is pervasive and entrenchedLack of political will, little progress in prosecuting past corruption cases, and the slow pace of reform in key sectors were reasons cited why Kenya is still ranked among the lower scoring countries. Corruption is an impediment to FDI with local media reporting on allegations of high-level corruption related to energy, airport construction, and infrastructure contracts awarded to foreign firms that allegedly did not comply with public procurement laws.

There are, of course, American companies doing business in Kenya, but these sort of hard facts are hardly going to get people rushing forward with open wallets.

"Aim is to be top 50 investor destination by 2020. At this rate I don't doubt it": That's 3 years from now.    How much FDI does Kenya get in a year?   Where does that place it in international rankings?

[hk]

Corruption is mainly centred around government and parastals. Getting license and work permits facilitation is all under one roof  kenya investment http://www.investmentkenya.com/. Also the government scrapped the need for local shareholding which could've been used by connected people to get shareholding. Its not enough but Kenya is making strides.

[RV Pundit]

Yes we need to keep improving on all indices. We are doing great in the ease of doing business and of course there are other things we need to do better; infrastructure & corruption but also guys investing are looking at the return on investment; the high quality of workforce they can find here; the great animal parks & hospitality they'll find here; overall kenya is making tremendous progress in most of the areas outside corruption - which we need to really focus on.

[MOON Ki]

Corruption is mainly centred around government and parastals. Getting license and work permits facilitation is all under one roof  kenya investment http://www.investmentkenya.com/. Also the government scrapped the need for local shareholding which could've been used by connected people to get shareholding. Its not enough but Kenya is making strides.

Exactly.   And the private sector gets entangles in various ways, which is why the "statement" cited notes:

allegations of high-level corruption related to energy, airport construction, and infrastructure contracts awarded to foreign firms that allegedly did not comply with public procurement laws.