News
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.
Kenya through MITI, has hosted the Indonesian Business Delegation Led by H.E. Luhut Binsar Pandjaitan, Coordinating Minister for Maritime Affairs &Investment. This event marked a significant milestone in strengthening bilateral ties & investment opportunities between the two nations. For more information,
In a significant stride towards fostering economic ties, the Indonesia-Kenya Business Forum witnessed a remarkable union of 22 prominent Indonesian companies and senior Government officials led by Coordinating Minister of Maritime and Investments, Hon Luhut Binsar. The event served as a galvanizing moment, where Indonesian investment solutions aligned with promising Kenyan investment opportunities.
The Kenya-Saudi Arabia Business Forum was recently hosted by the Ministry of Investment, Trade & Industry in collaboration with KenInvest, KEPSA and kenya chamber. This significant event welcomed the presence of HE Khalid Al Falih, who led a delegation of over 30 Saudi firms to Kenya. The primary objective of the forum was to facilitate economic collaboration between the two nations, with the aim of promoting mutual learning, international joint ventures, new business development, and fostering a stronger connection between Kenyan and Saudi Arabian businesses.
In an impressive display of commitment to environmental sustainability, the greening of the financial system has paved the way for robust green financing. As a result, the energy sector has achieved an outstanding 92% green ability, marking a significant milestone in the journey towards a greener future. Building upon this success, efforts are now underway to transform the transport sector, ushering in a new era of green mobility that aligns with the emerging transport norms.
In a recent development, Hon. Felix Koskei, the Head of Public Service, was provided with an update on the advancements made by Taifa Gas SEZ Kenya Limited, an investor in the economic zone. Taifa Gas SEZ Kenya Limited is currently in the process of establishing a substantial liquefied petroleum gas (LPG) handling facility with a capacity of 45,000 metric tons.
In a significant development for sustainable transportation, the PS, Hon. Abubakar Hassan witnessed the presence of CS Transport and Roads, Hon. Kipmurkomen, as he presided over the commissioning of the first E-mobility class. This groundbreaking initiative was made possible through a partnership between KCB Foundation and UNITAR (United Nations Institute for Training and Research).
We are pleased to report on the latest developments in tax policies and incentives introduced by the government to promote economic growth and attract investments. The recent reforms aim to provide equal treatment to both foreign and domestic companies while stimulating specific sectors, such as manufacturing and healthcare. Below is a summary of the key changes: