The Republic of Kenya has moved up 12 spots in the World Bank’s Ease of Doing Business 2018 report. Kenya registered its best performance in 15 years after being ranked no. 80 and 3rd in Sub-Saharan Africa having moved from position 92 in 2017. Over the last three years, Kenya has moved fifty-three positions. Notably, Kenya attained the highest number of reforms in the ten sub-indices such as electricity access (index rose by 12.25%), starting a business index (improved by 2.67 %) and getting credit (up by 5%) among others. The report further shows that the country made starting a business much easier by consolidating procedures required to start-up and operate a business.
About Doing Business
The Doing Business project provides objective measures of business regulations and their enforcement across 190 economies and selected cities at the subnational and regional level. The Doing Business project, launched in 2002, looks at domestic small and medium-size companies and measures the regulations applying to them through their life cycle.
Doing Business captures several essential dimensions of the regulatory environment as it applies to local firms. It provides quantitative indicators on regulation for starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency. Doing Business also measures features of labor market regulation.