Business Risks In Kenya
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The perception of the business climate remains constrained by chronic political instability and infrastructure bottlenecks but the country continues to reform its business environment.
Business risks in kenya. This report looks at the intellectual property organised crime human rights bribery and corruption and terrorism risks that uk businesses may face when operating in kenya. Can be a high cost of doing business such as taxes access to finance bureaucracy. Whilst kenya offers much opportunity there are some significant business and operational risks that require careful management and planning.
High levels of corruption 145 th out of 176 on the corruption index. World bank s ease of doing business 2017 report ranks kenya 92 out of 190 economies up 21 places from 113 in 2016 while world economic forum s global competitiveness index for 2016 17 places. Strong competition from the east especially on price.
At the same time businesses operating in kenya face a number of challenges associated with corruption unemployment ethnic tensions land titles insecurity and poverty. Political and economic economic risk. Overseas business risk kenya.
Corruption continues to be an ongoing issue in kenya and the nexus between business and politics can be very hard to navigate. There are some challenges in doing business in kenya. Austrade can help you to reduce the time cost and risk of exporting to kenya.
Kenya is also a very young country with almost 70 percent of the population under the age of 35. The progress made is reflected in kenya s 56th place worldwide out of 190 countries and number three ranking in sub saharan africa. The progress made is reflected in kenya s 56th place worldwide out of 190 countries and number three ranking in sub saharan africa.
Kenya s economic fortunes are largely determined by commodity prices for its agricultural exports and oil the country s major import. See below for information on key security and political risks which uk businesses may face when operating in kenya. Find out about the the regulations governing bribery of foreign public officials and other legal issues in kenya.
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