Kenya was ranked 61 globally as a country with an environment that encouraged business and investments to thrive and In Africa, World Bank ranked Kenya as the second after Rwanda as an economy with a healthy business environment.
Kenya Private Sector Alliance (KEPSA) and the President of Kenya Uhuru Kenyatta were both so happy and proud of being part of the countries journey.
The president said,
“Since I took office in 2013, it has been my administration’s singular focus to position Kenya as a preferred gateway to Africa for regional, foreign but also for domestic development. Through hard work, this aspiration is evolving right before our eyes and it is turning into a reality. “
“We strive each day to create an environment conducive for business by implementing a raft of measures to attract investments, accelerate economic growth and create jobs,” stated Uhuru. “
On the other hand KEPSA said,
“All these achievements have been made possible through KEPSA’s various engagement structures established in partnership with the government over the years including Presidential Round table, Speakers’ Round table, Ministerial Stakeholders’ Forums, among others that have been crucial in ensuring a stable, secure and enabling business environment where all businesses large and small, domestic and foreign can start, grow and thrive.
KEPSA has been pushing for the simplification of these tax processes, reduction of tax burdens and widening the tax base and this has been achieved through the iTax. This can be seen through the reduction of time spent making tax payment from 308 hours in 2014 to 179.5 hours this year,”