Private sector executives in Kenya, led by Hub grantee the Kenya Private Sector Alliance (KEPSA), have petitioned Parliament to amend a number of laws that have continued to hinder business transactions in the country and the region.
During a session in parliament, KEPSA proposed the application of a ‘common market test’ that seeks to ensure that the Kenyan parliament does not pass trade and investment-limiting laws. Application of a common market test to all new legislation will ensure that no trade and investment-restricting measures exist in those laws. New MPs were further sensitized to the fact that domestic improvements to complying with the EAC Common Market Protocol are an important start for Kenya to similarly request reforms in other EAC Partner States when Kenya's trade and investment interests are affected.
Recently, KEPSA finalized peer-to-peer meetings with Tanzania Private Sector Foundation (TPSF) where they developed a joint memorandum of reform issues to further remove trade and investment obstacles between the two countries. This memorandum was a result of peer-to-peer dialogue covering several sectors connected with the movement of capital, services and goods and involved both Kenyan and Tanzanian companies affected by measures imposed by the two countries, particularly in view of the recent trade disputes between the two neighbors. This joint memorandum is currently being shared with respective ministers responsible for trade and investment in the two countries.
The Hub works with KEPSA to strengthen private sector abilities to identify key policy inhibitors to:
- Implement the EAC Common Market Protocol
- Improve on private sector capabilities to develop reform memoranda
- Engage in dialogue for legal, regulatory and administrative reforms.
The Hub and KEPSA partnership creates new private sector opportunities and boost regional trade.