What is the role of a business organization in the economic development of Kenya?

In Kenya, different business organizations have been set up to carry out their day to day practices in accordance with the governance of the country. The following are the roles of business organizations in Kenya?s economic development:

• Source of tax revenue. The Kenyan government gains tax revenues from private, corporate and other business organizations in the country. The revenue generated is used in the development and maintenance of social amenities such as hospitals and schools, and infrastructures such as roads, bridges, and railways. Maintenance and construction of infrastructure such as roads boost up the accessibility of remote areas which in turn boost the mobility of goods and services. This improves the ease of doing business and more trade takes place leading to a high rate of economic growth.
• Employment opportunities. Citizens benefit from these organizations by gaining job opportunities. This reduces the dependence level in the country which in turn boosts economic growth. The business fraternity has greatly decreased the unemployment rates in the country, and therefore a bigger percentage of the population has got income. These employments have stabilized the economy.