Browsing: Kenya Investment Authority (KenInvest)

Kenya Investment Authority has launched handbooks designed to position county governments as investment destinations in the country.

The handbooks, dubbed Kenya Investment Policy (KIP) and the County Investment Handbook give a comprehensive and harmonized policy to guide attraction, facilitation, retention, monitoring and evaluation of private investment both at the national and county levels.

Speaking at the launch, Trade Cabinet Secretary Peter Munya said that Kenya has continued to make impressive progress in strengthening the investment climate, with the objective of making the country a regional industrial and financial hub.

“The country improved significantly in its ranking in the World Bank Doing Business 2020 Indicators moving up 5 places to position 56 from 61 out of 190 countries.  This is attributed to, among others, automation of systems that has made starting a business easy,” he said.

According to the 2019 World Investment Report, FDI flows in Kenya increased by 27 per …