World Bank notes among the factors limiting growth in Kenya is a high level of informal businesses in the economy. [Denish Ochieng, Standard]Corruption and excessive bureaucracy are among the key factors turning Kenya into a graveyard for startups, the World Bank has warned. As a result, there has been little growth overall, which would be driven by the entry of more productive companies as less productive ones exit. Other countries that have done better than Kenya, according to the World Bank survey, include Chile, China, Columbia and Malaysia. He noted that his regime had since waived single business permits for all new businesses registered in Nairobi for the first two years of their operations, effective March last year.

Source: Daily Nation January 11, 2021 20:11 UTC