Bill set to harmonise business licences
The government is working on a business regulation Bill that will address multiplicity of business licences.
The Bill would also regulate introduction of new licences by vetting new ones first to ensure that they do not burden the investors.
Kenya Investment Authority general manager Martin Mutuku said the government has also created special economic zones to encourage investors establishing their business beyond the current established export processing zones.
Mr Mutuku said the new policy will create zones that are not geographically restricted, but which can produce and sell in Kenya unlike the export processing zones which process for exports only.
“We will have zones with specific incentives to encourage investors produce for the local market,” Mr Mutuku said.
He said Kenya investment Authority has undertaken to cascade the ideals of the Prime Minister’s round-table meetings to the regions.
He said in the forums, local investors are encouraged to raise the concerns affecting them and also suggest possible solutions. He said policy issues which come up with no local solutions would be taken to the national level.