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Kenya: Draft Policy Seek to Promote SME Growth

Published on March 14, 2016

The government plans to cut tariff levels, reduce licensing requirement and eliminate price controls in a new measure to make Kenyan goods competitive in the regional and international markets.

This is under the national trade policy currently in its final edition, which targets to reduce Non-Tarrif Barriers and promote Small and Medium Enterprises, a measure that will help the country improve its balance of trade, which heavily favours imports.

According to government, NTBs in export markets coupled by bureaucracies remain a major constraint to international trade, denying the country the 10 per cent economic growth preference. Source: Ministry of Industry, Investment and Trade | READ MORE