- Category: News and Highlights
KIPPRA organized a Policy Dialogue on Starting a Business at the Kenya International Conference Centre (KICC) on Thursday, 29th May 2014. The aim of the dialogue was to present KIPPRA’s preliminary findings on the review of “Starting a Business” index of the World Bank’s Doing Business Indicator to relevant stakeholders and to establish key priority reform areas for the government based on best practices established from the best performers.
KIPPRA has initiated policy dialogues to review the various indices developed by the World Bank under the doing business indicators. Creating an enabling environment is an important role for the government. This is reiterated in a number of policy documents including the Jubilee Manifesto. Research suggests that an enabling business environment promotes investments, and ultimately, industrial and economic growth.
Kenya has been performing poorly in rankings related to Ease of Doing Business over the years, despite efforts to address some of the concerns. The key public policy concern, therefore, relates to the ranking and impact on investors.
KIPPRA establishes that the World Bank’s doing business indicators reflect more on the investment environment, and may therefore overlook some reforms introduced to improve the business and investment environment; by nature of the indicators considered.
The doing business indicators can however assist governments in identifying persistent challenges, while also establishing the best performers which can form the basis of drawing benchmarks and best practices.
The dialogue attracted key government agencies involved in business start-up procedures or that provide support services, private sector associations, lawyers and World Bank’s International Finance Corporation (IFC).