Doing business in Kenya Research Program undertakes an analysis in four key components namely, starting a business,dealing with construction permits,registering property and enforcing contracts. Thika records a 1,7,3,7 performance against 11 cities selected for the pilot phase of the World Bank Survey..This gives it number 3 only below Narok and Malaba border. It beats key towns like Nairobi, Kisumu, Nakuru, Mombasa and Nyeri hands down. Well in the Sub Saharn Africa region, Thika is ranked number 8 in the number of procedures required in starting a new business.
This means that capital is just metres away since many banks are opening doors to the emerging crop of entrepreneurs.. It really pains when ones sees high end private developers invading the town to capture the numerous investment opportunities in the town while young entrepreneurs and youth groups watch.
The difference between the private developers and the young intellectuals is that we have not realized the numerous opportunities and ease of doing business in Thika..These developers have taken advantage of the quick and easy process of setting shop in Thika and its emerging markets..Tomorrow we will have a look at these markets as we seek to sensitize the youth and the business community on this exciting market..Be sure to follow this discussion as we try to unlock the towns business potential and opportunities.
Statistics courtesy of doing business.org