List of Best Towns to do Business in Kenya. When it comes to investment, many people believe Nairobi, the country’s capital city and commercial hub, is the place to be. However, a new study by the Institute of Economic Affairs (IEA) has shown that the towns of Eldoret and Mombasa rank ahead of Nairobi in providing an enabling environment for doing business.
It’s a ranking that largely coincides with the findings of a 2016 World Bank study, where the two counties were once again found to have an impressive investment environment.
In the IEA study, dubbed the Kenya Urban Areas Performance Index 2017, the city of Mombasa was ranked first when it comes to investment and trade.
The 2016 World Bank report, which looked at things from the perspective of small and medium-sized firms, found that it’s easier to start a business in Uasin Gishu (Eldoret), deal with construction permits in Kisumu, register a property in Nairobi and enforce a contract in Busia (Malaba).
It also found the process of obtaining a business permit being relatively inexpensive and taking two days in Kiambu (Thika) and Uasin Gishu (Eldoret), making these two counties among the best to start a business in.
The study focused on whether a county economy had in place rules and processes that lead to good outcomes for entrepreneurs, in turn increasing economic activity.
“Nairobi – the most populous county – leads on the registering property indicator, but brings up the rear on dealing with construction permits,” found the World Bank.
The report added that starting a company in Kenya requires seven procedures, takes 23 days and costs 22 per cent of the country’s income per capita on average.
“Within Kenya, (starting a business) varies from 20 days in Mombasa and Uasin Gishu (Eldoret) to 27 days in Narok and Nyeri. Start-up costs range from 18.1 per cent of income per capita in Nyeri to 26.9 per cent in Mombasa”
The World Bank noted that these variations in costs are driven by the time it takes to set up and the cost of local permits.
The best towns for start-up success in Kenya
Before you start any kind of business,these are the factors to consider:
- Cost of doing business
- Money circulation
- Demand for that product
What kind of Business to do in some of the Best Towns for Business in Kenya
||Type of Business to Do
- Building Real estate
- Real estate
- Hair and beauty
- Security firm
- MPESA shop
- Car wash
- Rental house
- Fast-food operator
- Salon and Cosmetic shop
- Taxi operation
- General Shop
- Poultry farming
- Motorcycle spare parts business
- Children recreational centre
- Poultry business
- Cultural artifacts business
- Cyber café
- Motorcycle Spare Parts business
- Salon & Barber
- Shoe business
- Milk Business
- Apartments for rental
- Real estates
- Rental houses
- Fast food restaurant
- Selling leather products
- Wholesale supply of consumables
- Electronic business
- Construction material business
- Stationery business