Opinion: Kenya needs competition in professional services sector – Gideon Mokaya

nairobi city county
[Image source: African Arguments | Credit: Nina R.]


Business Daily | by Gideon Mokaya


The importance of professional service providers in the Kenyan economy cannot be overstated. For instance, to build a quality house, you will require to engage at least five different professionals. They include an advocate, an insurer, a valuer, an engineer, and an architect.

As a business person, you are statutorily required to make various filings, including tax and company returns. Tax experts, company secretaries and accountants facilitate compliance.

A closer look at a typical loan transaction relating to construction discloses the significance of the professional costs. For a prospective homeowner, the different fees add up to a tidy sum even before an ounce of soil has been excavated…

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