MOMBASA: The County Government of Mombasa is advancing efforts to improve the business climate in the Port City by introducing a series of legal measures aimed at facilitating trade. The initiative seeks to formalize street vending and enhance cooperation with business stakeholders to boost economic growth.
According to Kenya News Agency, Mohamed Osman, the County Executive Committee Member for Trade, Tourism, and Culture, announced plans to sign a Memorandum of Understanding with the Kenya National Chamber of Commerce and Industry (KNCCI) to strengthen collaboration. During a breakfast meeting hosted by KNCCI Mombasa Chairman, Osman highlighted the county’s revenue growth from Sh3.5 billion to Sh4.4 billion, attributing this progress to improved interactions with business partners.
The proposed Market Management and Street Vendors bill, which has concluded public participation, is set to be enacted in the County Assembly. Osman explained that the bill aims to organize and regulate the activities of approxi
mately 10,000 street vendors, transitioning them from informal to formal traders. Designated vending zones will provide vendors with controlled areas to conduct business, equipped with necessary social amenities.
KNCCI Mombasa Chapter Chairman Aboud Jamal emphasized the importance of partnerships and innovation for businesses to thrive in the region. Paul Mukumbya, Consulate General of Uganda in Mombasa, expressed interest in enhancing trade and investment relations between Uganda and Kenya, using forums to attract Kenyan traders to the Ugandan market.
Soliman El Ashkar, Assistant Vice President of Commercial International Bank Kenya Limited, noted the growing trade relations between Egypt and Kenya, with significant annual trade balances. He mentioned the bank’s role in facilitating connections between Kenyan producers and Egyptian buyers, and vice versa.
Justine Kosgei, CEO of AAR Insurance Kenya and East Africa, discussed efforts to increase insurance penetration among traders, highlighting partnerships
with KNCCI chapters to improve insurance uptake. Kosgei pointed out barriers such as lack of knowledge, trust, and affordability, while noting improvements in insurance coverage for small and medium enterprises.
The initiative reflects a broader effort to create a conducive business environment in Mombasa, addressing challenges faced by local traders and fostering regional trade relations.