Unlocking Growth Potential in Kenya : Dismantling Regulatory Obstacles to Competition
Kenya’s business environment has been weakening over recent years and this has limited the private sector’s ability to grow, create jobs, and contribute to economic development. Competitive domestic markets are necessary to boost Kenya’s competitiv...
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/946191481707622675/Unlocking-growth-potential-in-Kenya-dismantling-regulatory-obstacles-to-competition http://hdl.handle.net/10986/25789 |
| Summary: | Kenya’s business environment has been
weakening over recent years and this has limited the private
sector’s ability to grow, create jobs, and contribute to
economic development. Competitive domestic markets are
necessary to boost Kenya’s competitiveness. There are two
pillars that sustain effective competition policy: (i)
opening markets and removing anticompetitive regulation; and
(ii) effectively enforcing competition law. The main focus
of this report is the identification of regulations that
could restrict competition and distort markets and business
decisions, having a negative effect on Kenya’s
competitiveness and growth. This report contains results
from a review of the regulatory framework in key areas
identified using Organisation for Economic Co-operation and
Development's (OECD) Product Market Regulation (PMR)
indicators, the World Bank Group’s framework to identify
anticompetitive regulations, and interviews with
stakeholders. This report is concerned only with certain
regulations that affect market competition in select sectors
and topical areas. The report stems from the policy dialogue
with various Kenyan institutions, supported by the Kenya
Investment Climate Program. This report contains three
parts. Part one identifies restrictive regulations that
affect the whole economy, while Part two focuses on select
sectors. Part three provides policy recommendations to
promote greater competition in Kenyan markets through the
assessment and modification of regulations that create
obstacles to competition. It also provides estimates of the
potential benefits of reforming product market regulations. |
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