With a rising share of profits going to the design companies who are generally located in advanced economies, less of the value addition occurs in poorer countries. To put it differently, more of the value of the product accrues from the research, development, marketing, logistics and intelligence of the product than in any other part of the supply chain.
Evidence seems to show that the three steps of collateral process in Kenya; that is: creation, perfection and enforcement, entail enormous costs and time. Ladies and Gentlemen: The report has brought forward several recommendations. They will be implemented and will result in both cost and time reduction. The implementation of the recommendations touches on several Government agencies, most of which are represented here today.