NAIROBI, Kenya, Sep 9 – The Kenya National Chamber of Commerce and Industry (KNCCI) and World Bank (WB) have signed a pact to enhance public-private dialogue frameworks at the county level.
This has seen the introduction of a four-year program dubbed Kenya Competitiveness Enhancement Program (KCEP) that will create opportunities for the implementing business-friendly reforms in a bid to increase investment prospects under Kenya’s private sector.
The pact between KNCCI and WB will see KCEP to support the chamber to review and enhance the institutional and advocacy framework needed to smoothen Public-Private-Dialogue in Kajiado, Kilifi, Kisumu, Mombasa, Nairobi, Narok, Nakuru, Turkana, and Uasin Gishu counties.
KNCCI President Richard Ngatia said the program will help promote better diagnosis of the investment climate problems.
“A project of this stature is commendable as it shall design of policy reforms, build an atmosphere of mutual trust and understanding between the public and private sector and improve social cohesion,” Ngatia said.
The agreement also involves support towards the development of a database of new laws, regulations, licenses, taxes, and fees that have implications on the county business environment to enable tracking and analysis of the business environment.
KCEP Manager Sarah Ochieng said a lot of opportunities that boost businesses should now be forwarded to the county level.
“At the national level, Kenya has received regional recognition as a benchmark amongst her peers when it comes to matters PPD and it is a high time we cascaded the learnings to the county level,” Ochieng said.
KCEP is a program financed by United Kingdom Aid, with World Bank Group’s Finance, Competitiveness, and Innovation Global Practice(FCI GP) overseeing its implementation.