The World Bank has raised concerns about the government's involvement in multiple business ventures, which it argues creates unfair competition for the private sector.
In its Levelling the Playing Field report, published on Tuesday, June 24, the World Bank revealed that state-owned enterprises disproportionately benefit from favourable regulations, thereby creating an uneven playing field for other firms.
According to the multilateral lender, more than half of the major businesses in Kenya are operated by the government, often in sectors where private firms could provide goods and services more efficiently.
The report highlighted that sectors such as hospitality, manufacturing, and wholesale and retail trade could have been better served by private enterprises.
