Kenya is edging closer to launching an online business directory and information pool that profiles all businesses operating in various sectors of the economy.
The move comes at a time when the country has performed dismally in global and regional cost of doing business indices, which have blamed bureaucratic and time consuming procedures of starting a company as responsible for discouraging prospective investors.
For example, a new firm spends about 40.4% of its annual income to set up operations in Kenya compared to just 4.3% in neighbouring Rwanda, according to the World Bank.
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