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New legislation set to transform Kenya’s business landscape

Written by MyGov

Members of the Business Registration Service Board recently held a retreat at the Great Rift Valley Lodge to review its operations, after the board was inaugurated in December 2015. This comes after the Business Registration Service Act alongside six new legislation was signed into law by President Uhuru Kenyatta in September 2015.

The new law will transform Kenya’s business landscape and thrust the country’s competitiveness. This will be by ensuring the effective administration of laws that relate to the incorporation, registration, operation and management of companies, partnerships as well as firms.

The semi-autonomous board headed by Ms Carol Musyoka, and assisted by the Registrar General in the Office of the Attorney General  Mrs Bernice Gachegu is expected to fast track the registration of businesses, whose delay has in the past been blamed for low foreign investments in Kenya.

The new business laws also aim at raising Kenya’s profile as an attractive business destination. It is expected that services such as incorporation of companies, registration of business names and partnerships will be devolved. Thi will promote local business ideas and legal entities, while reducing the associated costs of registration and operations.

Previously, these services were offered by the Office of the Attorney General and Department of Justice.

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