Blog Post

12 Jun
By: root 0 0

MAPPING OUT INVESTMENT CHALLENGES

Corruption tops the list of challenges that inhibit investment in the country. According to a survey
carried out by the American Chamber, British Chamber of Commerce in Kenya and the German Business
Association, corruption ranks highest on the list of concerns by investors from the three organizations.
Members of the three organizations ranked Bureaucracy as the second greatest challenge while Political and Regulatory Uncertainty was ranked third.

Outgoing British High Commissioner Dr. Christian Turner the Government’s commitment to addressing investor concerns more so those that impact on the cost of doing business.  ‘We are continuously investing in infrastructure and tracking the doing business indicators to ensure that we improve the investment climate.’ Mr. Korir said. KEPSA Chief Executive Carole Kariuki urged international investors to participate in public private dialogue with the government through the already entrenched dialogue platforms available to the private sector. Ms. Kariuki says the Private Sector has been able to actively influence government policy through engagements with various arms of government.  ‘As a Private Sector we have unparalleled access to all levels of government that enables us to push for reforms and offer guidance to government and policy makers as we work towards improving the business environment in the country’ Ms. Kariuki said. To view a summary of the survey CLICK HERE

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