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An Assessment of the Investment Climate in Kenya

Author

Listed:
  • Giuseppe Iarossi

Abstract

The central objective of this Investment Climate Assessment (ICA) is to identify the main impediments to productivity growth Kenyan firms face. This objective is achieved through the analysis of firm-level data directly collected by the World Bank in 2007. This ICA arrives at a critical juncture; the government has committed to improving the investment climate, even further convinced that growth can be achieved only through a prosperous private sector. Based on the view that prosperity requires a thriving industrial sector, private sector-led growth is central to the government's economic recovery strategy and its recent "vision 2030." In early 2007 Government of Kenya (GoK) launched its first-ever private sector development strategy. This strategy is based on five pillars: improving Kenya's business environment, accelerating institutional transformation, facilitating growth through greater trade expansion, improving productivity of enterprises, supporting entrepreneurship, and developing small and medium enterprises. All these pillars are linked to the ICA's analytical goal. The ICA uses a robust and standardized methodology that has been applied to many countries worldwide.

Suggested Citation

  • Giuseppe Iarossi, 2009. "An Assessment of the Investment Climate in Kenya," World Bank Publications - Books, The World Bank Group, number 2603, December.
    • Handle: RePEc:wbk:wbpubs:2603
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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/2603/477160PUB0KE0I101OFFICIAL0USE0ONLY1.pdf?sequence=1
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    Citations

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    Cited by:

    1. Njenga, M., 2018. "An assessment of the business environment for waste-to-energy enterprises and how it affects women entrepreneurs in Kenya," Resource Recovery and Reuse Series H049001, International Water Management Institute.
    2. Gebrezgabher, Solomie & Taron, A. & Odero, J. & Njenga, M., 2018. "An assessment of the business environment for waste-to-energy enterprises and how it affects women entrepreneurs in Kenya," IWMI Books, Reports H049001, International Water Management Institute.
    3. Owen Nyang'oro, 2016. "Determinants of Capital Structure of Listed Firms in Kenya and the Impact of Corporate Tax," Working Papers 329, African Economic Research Consortium, Research Department.
    4. Michael Mbate, 2018. "Who bears the burden of bribery? Evidence from public service delivery in Kenya," Development Policy Review, Overseas Development Institute, vol. 36(S1), pages 321-340, March.

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