News
The Principal Secretary, State Department for Investments Promotions Abubakar Hassan Abubakar addressed a delegation of Chinese Businessmen visiting the Country on a fact-finding mission on mitigating risks in construction projects.
Giving the keynote address on ‘Kenya’s commitment to doing business with China,’ PS Abubakar Hassan informed the visiting businessmen that Kenya’s economy was 92% powered by green energy and driven by a robust, strong, and innovative private sector.
The Minister for Foreign Trade and Development of the Netherlands Ms. Reinette Klever is leading fifty Dutch Company leaders to participate in the Netherlands Trade Mission on Sustainable Agriculture and Water Development in Kenya. Close to 150 Dutch companies are operating in Kenya mainly in the Agriculture and Water & Sanitation Sectors.
The two missions, with nearly 90 participants, will be running parallel to the expected visit of their majesties, King Willem-Alexander and Queen Maxima of the Netherlands, The two will be in the country from 18th – 20th March 2025.
The $1 billion Dongo Kundu and Naivasha Special Economic Zones development lease agreement will accelerate Kenya’s industrial growth, President William Ruto has said.
The President said the agreement will not only position Kenya as a manufacturing hub, but also create over 40,000 jobs in Dongo Kundu and 100,000 jobs in Naivasha.
The CS Hon. Lee Kinyanjui accompanied by the PS Investment Promotion Mr. Abubakar Hassan, PS Industry Dr. Juma Mukhwana, Chairman EPZA Mr. Richard Cheruiyot and CEO Mr. Richard Omelu assessed the progress of the construction of the Sagana CAIP and EPZ yesterday in Kirinyaga County.
The President assented to the County Licensing (Uniform Procedures) Act 2024 on June 28, 2024. The Act seeks to harmonize and standardize licensing procedures across all 47 counties in Kenya to improve the ease of doing business in Kenya and make Kenya the preferred investment destination in Africa for local and foreign investors. The Act provides that the Cabinet Secretary for Ministry of Investments, Trade and Industry will develop regulations for the implementation of the Act.
We are strategically investing in manufacturing and industrialisation to attract investors and drive growth in value addition and agro-processing. This will harness our agricultural potential, create jobs, boost exports and unlock Kenya’s huge economic opportunities. His Excellency Dr.William Ruto said while inspecting the Nasewa Export Processing Zone in Busia County that will create more than 50,000 jobs to the residents.
The newly appointed Cabinet Secretary for the Ministry of Investments, Trade, and Industry, Hon. Lee Kinyanjui took office from CS Salim Mvurya.
The State Department for Investment Promotion, in collaboration with the Ministry of Foreign Affairs and KEPROBA, held the Kenya-Japan Business Forum 2025 yesterday, at Serena Hotel, Nairobi. Over 33 companies from Japan and 80 private companies from Kenya attended the forum. The companies were representatives from various sectors, such as Manufacturing, Mobility, Healthcare, Pharmaceutical, Infrastructure, and Renewable energy. The expected output will be business collaborations, partnerships leading to increased investments and job creation.
According to The Big Deal Africa, Kenya has attracted $638 million in 2024, representing 29% of Africa's total startup funding. This leadership is underpinned by government initiatives like the Digital Superhighway project, enhancing broadband with 100,000 kilometers of fiber optic cable, and the proposed Startup Act, alongside a vibrant ecosystem, sector focus on fintech and climate tech, a favorable investment climate, strong human capital, and successful startup stories addressing local challenges.
H.E the President of the Republic of Kenya, William Ruto today officially opened the 9th African Economic Zones Organisation's annual meeting at KICC, Nairobi Kenya. He reaffirmed the government's commitment to promoting investment in Kenya's Special Economic Zones (SEZs), emphasizing their pivotal role in driving economic growth not only in Kenya but across the African continent. Special economic zones are crucial in fostering trade, manufacturing, industrialization and investment. They are also catalysts for harnessing the continent's immense potential.