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Kepsa praises Uhuru for good business conditions

PSCU @ PSCU_Digital

The private sector yesterday presented a report card that gave a thumbs up to the Jubilee government’s performance in creating the right environment for business.

The government also received a buy-in from the private sector in plans to create more jobs, internships and low cost housing. In its report presented at the 7th Presidential Roundtable meeting, the Kenya Private Sector Alliance (Kepsa) praised the Jubilee administration for creating a better environment for business and for making Kenya a preferred destination for investors. This happened as the government and the private sector agreed to focus on how to create more jobs, create more openings for internships and build low cost housing for the urban poor.

“We want to partner with you to create more jobs and internships through programmes where the government gives you incentives,” said President Uhuru Kenyatta when he opened the meeting.

Deputy President William Ruto invited the private sector to give its input to help the Jubilee government implement its plan to come up with affordable housing for the urban poor.

In its report, Kepsa said President Uhuru’s administration has achieved all the goals that were set out in the National Business Agenda 2, which was adopted in the beginning of 2014.

The achievements by the government were classed into thematic areas, which included improving governance and business regulatory environment; upgrading security; infrastructure development; enhancing trade and investment; and promoting human capital and entrepreneurship development.

The business organisations said the Jubilee administration has scored high in the objective to reduce business and property registration and licensing costs.

Business owners led by the new chairman of Kepsa, Nicholas Nesbitt also gave a thumbs-up to the government for making Kenya the second most preferred destination for direct foreign investments.

He, however, urged the government to encourage more local direct investment even as it keeps up the efforts to attract more Foreign Direct Investment (FDI).

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