Business Dynamics: Kenya

February 2021

Kenya ranked among the top third of countries in the Ease of Doing Business Index in 2020, thanks to sound legal rights protection and an excellent ranking in the Getting Credit pillar. Despite this, starting and operating a business in the country remains complex and costly. The business environment is also hindered by complicated and time-consuming trade procedures as well as underdeveloped transport and ICT infrastructure. While the Kenyan labour market is rather flexible, skills shortages pe

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Overview:

The Country Briefings series examine market potential, economic and consumer trends impacting each country and how they are set to change.

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Business Dynamics: Kenya

HEADLINES

OPERATIONAL AND REGULATORY ENVIRONMENT

Despite ongoing reforms, starting and operating a business in Kenya still rather complicated and costly

FINANCING AND INVESTMENT

Exceptional access to credit in a global context, with solid legal rights protection for creditors and extensive credit bureau coverage

SKILLS AND LABOUR

Higher education attainment rate is inadequate while unemployment remains elevated despite rather flexible labour market

TRANSPORT AND INFRASTRUCTURE

Uncertainty over BRI investments into transport infrastructure hinders potential trade and logistics improvements

DIGITALISATION AND INNOVATION

ICT infrastructure lacks financing, leaving low innovation potential among the main disadvantages to Kenya’s global competitiveness

OPERATIONAL AND LEGAL ENVIRONMENT

Chart 1 Operational and Legal Environment Key Indicators Chart 2 Ease of Doing Business Ranking by Pillar Regional Comparison 2020 Chart 3 Ease of Doing Business Ranking Regional Comparison 2015-2020 Chart 4 Ease of Doing Business Indicators: Time Needed to Start/Close a Business 2020 Chart 5 Ease of Doing Business Indicators: Costs Incurred to Start and Operate a Business 2020 Chart 6 Tax Rates 2020 Chart 7 Insolvency Recovery Rate by Secured Creditors in Kenya and Regional Comparison 2020 Chart 8 Global Competitiveness Ranking by Pillar in Kenya and Regional Comparison 2019 Chart 9 Global Competitiveness Ranking for Kenya and Regional Comparison 2014-2019 Chart 10 Global Competitiveness Index: Macroeconomic Stability Pillar for Kenya and Regional Comparison 2014-2019 Chart 11 Index of Economic Freedom Ranking by Pillar in Kenya and Regional Comparison 2020 Chart 12 Index of Economic Freedom Ranking Over Time 2015-2020 Chart 13 Index of Economic Freedom: Judicial Effectiveness Pillar Rank in Kenya and Regional Comparison 2017-2020 Chart 14 Index of Economic Freedom: Government Integrity Pillar Rank in Kenya and Regional Comparison 2015-2020 Chart 15 Number of New Businesses and Annual Real GDP Growth in Kenya 2015-2020 Chart 16 New Business Density in Kenya Compared to Regional Average 2015-2020 Chart 17 Operational Environment in Kenya and Regional Comparison 2019 Chart 18 Corruption Perceptions Ranking: Kenya and Regional Comparison 2014-2019

FINANCING AND INVESTMENTS

Chart 19 Key Financial and Investment Indicators Chart 20 Ease of Doing Business Ranking: Getting Credit Pillar for Kenya and Regional Comparison 2015-2020 Chart 21 Soundness of Credit Information: Credit Bureau Coverage 2020 Chart 22 Global Competitiveness Ranking: Financial Systems Pillar for Kenya and Regional Comparison 2014-2019 Chart 23 Ease of Doing Business Ranking: Protecting Minority Investors Pillar for Kenya and Regional Comparison 2015-2020 Chart 24 Index of Economic Freedom: Property Rights Pillar Rank in Kenya and Regional Comparison 2015-2020 Chart 25 Number of Companies Admitted to Listing on the Exchange and Market Capitalisation Dynamics 2015-2019 Chart 26 Stock Market Index in Kenya and Selected Regional Countries 2015-2020 Chart 27 Stocks Traded as % of GDP in Kenya and Selected Regional Economies 2014-2019 Chart 28 Bank Claims on the Private Sector as % of GDP 2015-2020

SKILLS AND LABOUR

Chart 29 Key Skills and Labour Indicators Chart 30 Global Competitiveness Ranking: Skills Pillar for Kenya and Regional Comparison 2014-2019 Chart 31 Population Aged 15+ with Higher Education 2015-2020 Chart 32 Education Indicators 2020 Chart 33 Global Competitiveness Ranking: Labour Market Pillar for Kenya and Regional Comparison 2014-2019 Chart 34 Employment by Age 2020 Chart 35 Employment by Gender 2020 Chart 36 Labour Structure Change over 2015-2020 Chart 37 Labour Structure Comparison 2020 Chart 38 Self Employed as % of Total Employed Population 2020 Chart 39 Index of Economic Freedom: Labour Pillar Rank in Kenya and Regional Comparison 2015-2020 Chart 40 Labour Market Regulations in Kenya and Regional Comparison Chart 41 Employment by Industry Sector 2020

TRANSPORT AND INFRASTRUCTURE

Chart 42 Key Infrastructure Indicators Chart 43 Logistics Performance Index Scores by Pillar in Kenya and Regional Comparison 2020 Chart 44 Logistics Performance Index Ranking for Kenya and Regional Comparison 2015-2020 Chart 45 Global Competitiveness Ranking: Product Pillar for Kenya and Regional Comparison 2014-2019 Chart 46 Global Competitiveness Ranking: Infrastructure Pillar for Kenya and Regional Comparison 2014-2019 Chart 47 Transportation Mode Indicators in Kenya and Regional Comparison Chart 48 Road Infrastructure 2020 Chart 49 Ease of Doing Business Ranking: Trading Across Borders Pillar for Kenya and Regional Comparison 2015-2020 Chart 50 Transaction Time for Trading Across Borders 2020 Chart 51 Costs of Trade Transactions Across Borders 2020 Chart 52 Global Competitiveness Ranking: Market Size Pillar for Kenya and Regional Comparison 2014-2019

DIGITALISATION AND INNOVATION

Chart 53 Innovation and Digitalisation Key Indicators Chart 54 Network Readiness Ranking by Pillar in Kenya and Regional Comparison 2020 Chart 55 Network Readiness Ranking for Kenya and Regional Comparison 2019-2020 Chart 56 Network Readiness Ranking: Technology Pillar for Kenya and Regional Comparison 2019-2020 Chart 57 Global Competitiveness Ranking: ICT Adoption Pillar for Kenya and Regional Comparison 2014-2019 Chart 58 Global Competitiveness Index: Innovation Pillar for Kenya and Regional Comparison 2014-2019 Chart 59 Intellectual Property: Kenya Compared to Selected Regional Peers

APPENDIX A

The World Bank’s Ease of Doing Business Index (Doing Business) 2020

APPENDIX B

The Global Competitive Index (GCI) 2019

APPENDIX C

The 2020 Index of Economic Freedom

APPENDIX D

The Logistics Performance Index (LPI) 2020

APPENDIX E

The Network Readiness Index (NRI) 2020
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