KEPSA convened its 15th Annual General Meeting (AGM) on 9th May 2019 at Serena Hotel to; review the operations and financial statements for the year ended 2018/2019, appoint new leaders to take place of retiring directors and governing council, as well as discuss plans for the year 2019/2020.
The appointed leaders include; Mr. Nicholas Nesbitt (Chair), Ms. Rita Kavashe (Vice Chair), Ms. Patricia Ithau, Ms. Brenda Mbathi, Mr. Jeremy Awori, Ms. Flora Mutahi, Mr. Graham Shaw, Mr. Jaswinder Bedi, Ms. Catherine Musakali, Mr. Sachen Gudka, Mr. Gichuhi Allen Waiyaki, Mr. Sun Mengxin, Mr. Michael Macharia, Mr. Francis Munywoki and Dr. Elizabeth Wala.
KEPSA CEO Ms. Carole Kariuki appreciated the outgoing leaders and the entire KEPSA leadership including members for the key role they had played in making KEPSA the world-class private sector apex body – comparable to the Singapore Business Federation, the Confederation of British Industries (CBI), Spanish Confederation of Business Organizations (COEO), among other world renowned apex bodies.
KEPSA committed to remain to ensure an environment that encourages and supports all businesses in Kenya whether large or small, foreign or domestic, to grow and achieve their full potential no matter the sector or part of the country they operate. KEPSA also pledged to continue working together to shape the policy environment in the country, and make Kenya attractive to work, live and do business in.
Other than the AGM, KEPSA members also had a session in which they engaged on the status of Kenya’s competitiveness (identified as below potential, having dropped in the 2018 Global Competitiveness Index from position 91 to 93). The identified factors limiting competitiveness included the rampant corruption in the country, high cost of doing business – majorly due to the heavy tax burden (37.4%) and high production costs driven by cost of raw materials, high energy bills, logistics challenges, and limited access to credit, among other factors.