Kenya is the third largest economy in Sub-Saharan Africa. Kenya's economy is projected to grow by 5.5 percent in 2023 and above 6.0 percent over the medium term. The Government's Bottom-Up Economic Transformation Agenda will reinforce this growth, which is geared toward an economic turnaround and inclusive growth. The economic stability will boost the investment climate in the country.
The Ministry of Investments, Trade and Industry (MITI) has called for submission of proposals on legislative reforms for advancing consumer protection, investments, trade and manufacturing.According to Cabinet Secretary MITI Hon. Salim Mvurya, costs and procedures for domestic trade remained unfavorable and burdensome primarily due to unpredictable tax regime and high cost of power.
The Principal Secretary for the State Department for Investment Promotions, Mr. Abubakar Hassan Abubakar, today joined key stakeholders at the inaugural World Chambers Federation (WCF) Africa Summit held at the Radisson Blu Hotel, Upper Hill, Nairobi. This historic event marked the first time the summit has been held on African soil.
The State Department for Investment Promotion hosted a strategic engagement with a high-powered international delegation comprising investors and industry leaders from the United States, China and Southern Asia as part of a scouting mission to explore opportunities in the country’s burgeoning textile and garment industry.