Connect with us

Hi, what are you looking for?

Capital Business
Capital Business


Private sector report gives Government thumbs up

KEPSA has said the Government has achieved all the goals that were set out in the National Business Agenda 2, which was adopted in the beginning of 2014./FILE

NAIROBI, 5 JUNE 2017, (PSCU) – The private sector today presented a report card that gave a thumbs-up to the Jubilee Government’s performance in creating the right environment for business.

The Government also received a buy-in from the private sector in plans to create more jobs, internships and low cost housing.

In its report presented at the 7th Presidential Roundtable Meeting, the Kenya Private Sector Alliance (KEPSA), praised the Jubilee Administration for creating a better environment for business and for making Kenya a preferred destination for investors.

This happened as the Government and the private sector agreed to focus on how to create more jobs, create more openings for internships and build low cost housing for the urban poor.

“We want to partner with you to create more jobs and internships through programmes where the Government gives you incentives,” said President Kenyatta when he opened the meeting.

On his part, Deputy President William Ruto invited the private sector to give its input to help the Jubilee Government implement its plan to come up with affordable housing for the urban poor.

“We need your input in our plan to come up with affordable housing and houses of that can be bought on mortgage by people on lower salaries,” said the DP.

In its report, KEPSA said President Kenyatta’s Administration has achieved all the goals that were set out in the National Business Agenda 2, which was adopted in the beginning of 2014.

The achievements by the government were classed into thematic areas which included improving governance and business regulatory environment; upgrading security; infrastructure development; enhancing trade and investment; and promoting human capital and entrepreneurship development.

The business organisations said the Jubilee Administration has scored high in the objective to reduce business and property registration and licensing costs.

Advertisement. Scroll to continue reading.

The government was also praised for reducing the cost of enforcing contracts and speeding up dispute settlements.

It was also praised for strengthening the rule of law and promoting anti-corruption measures.

KEPSA congratulated the Government for “enacting the Bribery Act and other measures and the Suppliers and the Business Code of Ethics that have had a positive impact in reducing corruption within and between both private and public sectors operations”.

On the 45 Huduma Centres opened in 41 Counties, the report said they are offering “over 66 government services under one roof. Time saved and reduction in procedures all reflect cost reductions for businesses,” said the report.

On energy, the Government was praised for ensuring clean, affordable and reliable power through geothermal power generation.

Geothermal installed capacity has increased from 241.8 MW to 652 MW in 2016.

“With reduced power outages and increased connectivity, this has saved business the extra cost especially of manufacturers on expensive diesel generators, thus increasing competitiveness, allowing them to keep more of their revenue, produce more and create more jobs,” said the report.

Business owners led by the new Chairman of KEPSA, Mr Nicholas Nesbitt, also gave a thumbs-up to the Government for making Kenya the second most preferred destination for direct foreign investments.

Mr. Nesbitt, however, called on the Government to encourage more local direct investment even as it keeps up the efforts to attract more FDI.

Advertisement. Scroll to continue reading.
Click to comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...