News
Kenya’s target to introduce low-cost e-boda bodas presents an opportunity to transition ordinary mwananchi to a fair and just boda boda market.
Today, the Cabinet Secretary, Ministry of Investments, Trade and Industry - MITI, Hon. Moses Kuria, noted that the transition will enable an ordinary Boda Boda rider to afford a bike without the unjust profiteering by manufacturers and loaners.
In a visionary move, Kenya has adopted a forward-thinking approach to investment by focusing on sustainable and green initiatives for the nation's future. Led by Kenya Climate Change Envoy, Mr. Ali Mohammed, key state departments and stakeholders came together in planning sessions to develop a comprehensive Kenya Green Growth and Investment Plan.
In a significant development towards enhancing organizational efficiency and strategic planning, the Principal Secretary (PS) for the State Department, Mr. Abubakar Hassan, convened a crucial meeting with the Heads of Department at Morendat. The meeting served as a platform for in-depth discussions on the State Department's Strategic Plan, an insightful presentation on the Organization Structure, and a preview of the upcoming website.
The automotive industry in Kenya is an important enabler and catalyst for wealth creation, employment, and technology transfer.
Today, the Cabinet Secretary - Ministry of Investments, Trade and Industry, Hon. Moses K. Kuria held a sector meeting with Kenya Vehicle Manufacturers Association (KVMA) at the Association of Vehicle Assemblers of Kenya (AVA) plant in Mombasa.
In a significant move to bolster the investment climate and attract both domestic and foreign investments, PS Abubakar Hassan recently held a crucial meeting with KAM (Kenya Association of Manufacturers) Board Members, led by Chair Rajan Shah. The meeting aimed to strategize and implement measures that would fine-tune and refine the business environment in Kenya.
In a significant development aimed at maximizing trade potential and strengthening economic ties, Kenya reaffirmed the United States as its key trade and investment partner. The Africa Growth and Opportunity Act (AGOA) has played a crucial role in Kenya's growth, enabling the nation to develop its value chains, expand its export capabilities, and create numerous employment opportunities.
In a recent meeting, the PS, Abubakar Hassan, engaged in discussions with the Gabtsy Africa Team, headed by Textile and Apparel Program Director, Ms. Antoinette Tesha. The focal point of the conversation revolved around the textile and apparel value chain, which is recognized as the most labor-intensive value chain and a crucial gateway to industrialization.
Kenya has a target of attracting 10 Bn $ Foreign Direct Investment. Peace and security is a pre-requisite for FDI Flows into Kenya. PS Abubakar Hassan Honored to be featured in July Lamu County Weekly Magazine (UPEO) on the impact of peace and security on Investments
Kenya and Burundi continue to cooperate across various socio-economic areas, including regional security and agriculture.
The 2023 Kenya Mining Week Expo and Conference commenced with an emphasis on the abundant natural resources and unexplored territories that Kenya possesses. The nation's lands are considered to be blessed with unparalleled natural resources, presenting significant potential for greenfield projects. In a notable development, the National Airborne geophysical survey findings were published, which is expected to stimulate investments throughout the mining value chain.