Kenya mulls reforms to boost country as investment destination

Source: Xinhua| 2019-03-13 22:50:50|Editor: yan
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NAIROBI, March 13 (Xinhua) -- Kenya is accelerating legal and regulatory reforms that will boost the country as an investment destination, officials said on Wednesday.

Adan Mohamed, cabinet secretary of the Ministry of East African Community and Regional Development, told journalists in Nairobi that the reforms will take place in 10 areas that have been identified as having the biggest impact on improving the business climate.

"The reforms will assist Kenya to become regionally competitive in the production of goods and services," Mohamed said.

He added that Kenya is currently ranked 61 among 190 economies in the World Bank's ease of doing business index and has been recognized as a top global reformer.

He noted that while Kenya's performance on the World Bank's index has recorded remarkable improvements over the past years, a lot more remains to be done to make the regulatory environment even more conducive to business operations.

Mohamed said that Kenya will rely heavily on use of technology in order to automate government processes that are conducted manually.

He revealed that entrepreneurs are now able to register companies online using the e-citizen platform.

The government official said that the area of property registration is the most difficult area of reform.

Mohamed noted that the ministry of lands is currently developing a land management information system that will eliminate the laborious processed involved in conducting land transactions.

He added that from next month, the government will begin piloting a system that enables individuals to be able to register property in 12 days, down from the current 73 days.