iHub By Rachel Gichinga / July 8, 2013
The Not-So-Hidden Cost of Doing Business in Kenya | Wednesday July 17 | 6:30 – 8:30pm | iHub
As of 2012, the World Bank estimated that it took thirty-two (32) days to start and operate a business in Kenya compared to three (3) days in Rwanda, the lowest in the region.
- How could this be for the lion of East Africa, the hub of information and communications technology?
- Do business owners really need ‘brokers’ to facilitate registration of business forms?
- Are Kenyan government agencies hindering innovation, the growth of business, and the economy?
- If so, what are the impacts on the Kenyan economy and what can be done to truly launch growth that benefits more people in the Kenya and the region?
The East African Centre for Ethics and Philanthropy will be hosting an open forum entitled “The Not-So-Hidden Cost of Doing Business in Kenya” on Wednesday, July 17, 6:30 – 8:30, at the iHub.
You’ll hear from entrepreneurs, civil society supporters, and media personnel concerning these issues and how, working together, they can be properly addressed.
We look forward to seeing you there.
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Michael Pedersen at 14:03:06PM Tuesday, July 9, 2013
The fact that it’s is difficult & slow to start a business is of-course inconvenient to any who is looking to start “now”, but in the bigger picture it is less important as it is a one-time event – once you are passed it you wont need to do it again.
The much bigger problem/issue is all the overhead & time spend repeatedly on a monthly basis – and it’s a major problem. If you do everything you can to be compliant you really end up spending a lot of time – time you could had spend on making your business move!
Inconvenient as it is it is actually not _that_ bad if you structure yourself in the most the most efficient way and use the tools available to help you out (none mentioned, none forgotten).
The real problem is figuring out what you need to do – and how to actually do it, the processes that you need to perform are in most cases very poorly described and in many cases you only learn the details/requirements by actually attempting the process – this is when you realize that you were not aware of something and have to spend more time going back preparing again.
This lack of transparency in the processes is one problem that we are trying to help through our blog http://www.kenyamanual.co.ke – the missing manual for Kenyan startups.Reply
Roselyne Busu at 07:28:43AM Tuesday, October 15, 2013
It very hard to open a business in Kenya. Everybody wants to be bribed to do their jobs. What takes minutes to do in western world like in USA, on line you are able to just open a business on like, make your payments get a copy of business registration and wait for official copy, in kenya it will take you days and also the government workers are rude and want to be bribed.Time is not of essence and its tidies and better you pay someone to do it for you. I wish the new government could improve the system and also stop bribes and make it smooth.Reply
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