These linkages become more prominent with economic growth thereby promoting the acceleration of urbanisation. With the growing weights of industry and services in developing countries, urbanisation has proceeded apace over the last 50 years.
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.