Business Environment in Kenya
Kenya has become more competitive as suggested by the country’s improved ranking in the World Economic Forum’s Global Competitiveness Index (GCI), from 106 out of 144 in 2012/13 to 96 in 2013/14, mainly on the back of greater confidence in institutions and innovative capacity, with high company spending on research and development, and well developed financial markets.
Globally, Kenya stands at 134 in the ranking of 189 economies on the ease of starting a business.
With a vibrant private sector Kenya is considered a promising place to do business, with growing markets and good opportunities. The country’s private sector contributes to 97% of GDP and provides 80% of formal employment. It is composed of a formal sector which is relatively healthy and productive, and dominated by large businesses (notably, ICT, tourism and finance)
Business Environment in Kenya has been summarized to include