The Cabinet Secretary in charge of Industry, Trade, and Co-operatives have unveiled the Kenya Investment Policy and the County Investment Handbook.
The policy launched at Nairobi’s Crowne Plaza will provide policy certainty & stability which are key determinants of investment flows & the ability of a country to attract the targeted investors.
CS Munya indicated that out of the influx of investment to Kenya, the Foreign Direct Investment values have skyrocketed by 27 percent.
“According to the 2019 World Investment Report, FDI flows in Kenya increased by 27 percent to $1.6 billion from $1.27 billion in 2017. This is significant progress considering that in 2012, FDI flows were only $ 259 Million ” said Munya.
The County Investment Handbook, Kenya Investment Authority, will aid counties in identifying & promoting investment opportunities, developing marketing propositions and defining what roles the national government should play and what role the county government should play to improve the investor environment.
The event was attended by various government officers nicharge of investments as well as business investors.