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We will continue to provide to our investors quality services through digital tools. We take the health, safety, and well-being of our employees, investors and other members of our community very seriously and are committed to play our role in the fight against the virus. Thus, if you have any question or concerns, or you would like to start the process of implementing your investment project please do not hesitate to contact us through the CMS, usual email addresses, and the listed telephone numbers:.
We believe the virus will be crushed and our normal services will resume the soonest possible. In the meantime, we thank you for making Kenya your investment home and wish you and your families good health and safety during this crisis period and beyond.
Our Services We strive to continuously provide quality services on a wide array of areas to investors. Investment Promotion. Providing information on investment opportunities and sources of capital. Investor Facilitation. Ensure expeditious and quality facilitation of projects for prompt implementation. Assisting investors in obtaining licenses, permits, incentives and exemptions. Aftercare Services. Provision of effective post implementation AfterCare Services.
Our Values. Investor Focus We put our investors first and strive to continuously meet and exceed their expectations. Respect and Trust We treat each other with the highest degree of dignity, equality and trust recognizing the importance of diversity of culture and social values. Equity and Fairness We subscribe to cordial and respectful co-existence, employ hight ethical standards, demonstrate honesty fairness, equity and gender balance in both recruitment and career development opportunities.
Kenya is the largest exporter of horticulture with East Africa and the third largest Tea exporter globally. View Opportunities. Agri processing presents great growth prospects. The sector enjoys a combination of active government support, favorable agro-climatic conditions, availability of low-cost farm workers and the know-how, year-round demand for certain agricultural products in international markets, and direct air connections to Europe and Middle East.
Opportunities in greenfield and brownfield set up of poultry processing facilities. Opportunities for direct investment in processing facilities including cold chain solutions for value chains as well as flowers and processing facilities for dairy. Kenya has a decentralized government with 47 regional county government major public services are provided by these governments.
Explore the current agribusiness business landscape in Kenya and see what's happening on the ground. We will continue to provide to our investors quality services through digital tools. We take the health, safety, and well-being of our employees, investors and other members of our community very seriously and are committed to play our role in the fight against the virus.
Thus, if you have any question or concerns, or you would like to start the process of implementing your investment project please do not hesitate to contact us through the CMS, usual email addresses, and the listed telephone numbers:. We believe the virus will be crushed and our normal services will resume the soonest possible. In the meantime, we thank you for making Kenya your investment home and wish you and your families good health and safety during this crisis period and beyond.
We put our investors first and strive to continuously meet and exceed their expectations. We promote an innovative culture and attitude demonstrated through our proactive initiation of change, shared knowledge teamwork, and fostering an atmosphere of continuous improvement. We treat each other with the highest degree of dignity, equality and trust recognizing the importance of diversity of culture and social values.
We subscribe to cordial and respectful co-existence, employ hight ethical standards, demonstrate honesty fairness, equity and gender balance in both recruitment and career development opportunities. We subscribe to the highest level of professionalism, confidentiality, excellence, integrity, transparency and accountability in the delivery of services. We promote and support a diverse, yet unified, team.
We work together to meet our common goals. We value dedication to duty and are fully committed to delivery on our mandate, as our service to our beloved country. We will continue to provide to our investors quality services through digital tools. We take the health, safety, and well-being of our employees, investors and other members of our community very seriously and are committed to play our role in the fight against the virus. Thus, if you have any question or concerns, or you would like to start the process of implementing your investment project please do not hesitate to contact us through the CMS, usual email addresses, and the listed telephone numbers:.
We believe the virus will be crushed and our normal services will resume the soonest possible. In the meantime, we thank you for making Kenya your investment home and wish you and your families good health and safety during this crisis period and beyond. Our Services We strive to continuously provide quality services on a wide array of areas to investors. Investment Promotion. Providing information on investment opportunities and sources of capital.
Investor Facilitation. Ensure expeditious and quality facilitation of projects for prompt implementation.
Also in , the government established regulations requiring Kenyans own at least 15 percent of the share capital of derivatives exchanges, through which derivatives such as options and futures can be traded. After the U. The foreign entities will have 3 years to comply with the increased local equity participation rule.
The Mining Act restricts foreign participation in the mining sector and reserves the acquisition of mineral rights to Kenyan companies, requiring 60 percent Kenyan ownership of mineral dealerships and artisanal mining companies. The Private Security Regulations Act restricts foreign participation in the private security sector by requiring that at least 25 percent of shares in private security firms be held by Kenyans.
The act requires foreign contractors to enter into subcontracts or joint ventures assuring that at least 30 percent of the contract work is done by local firms. Regulations implementing these requirements remain in process. In February , Kenya implemented a new Integrated Customs Management System iCMS which includes automated valuation benchmarking, automated release of green-channel cargo, importer validation and declaration, and linkage with iTax.
The iCMS features enable Customs to efficiently manage revenue and security related risks for imports, exports and goods on transit and transshipment. The Movable Property Security Rights Bill enhanced the ability of individuals to secure financing through movable assets, including using intellectual property rights as collateral. The Nairobi International Financial Centre Act seeks to provide a legal framework to facilitate and support the development of an efficient and competitive financial services sector in Kenya.
The act created the Nairobi Financial Centre Authority to establish and maintain an efficient operating framework to attract and retain firms. To date, however, Kenya has implemented only 7. In , Kenya launched the Kenya Trade Remedies Agency for the investigation and imposition of anti-dumping, countervailing duty, and trade safeguards, to protect domestic industries from unfair trade practices.
The Companies Amendment Act amended the prior Companies Act clarifying ambiguities in the act and conforms to global trends and best practices. The amended act eliminates the requirement for small enterprises to have lawyers register their firms, the requirement for company secretaries for small businesses, and the need for small businesses to hold annual general meetings, saving regulatory compliance and operational costs. The Business Registration Services BRS Act established a state corporation known as the Business Registration Service to ensure effective administration of the laws relating to the incorporation, registration, operation and management of companies, partnerships, and firms.
The Companies Act covers the registration and management of both public and private corporations. The unit focuses on reducing the bureaucratic steps related to setting up and doing business in the country. The GOK does not promote or incentivize outward investment. Despite this, Kenya is evolving into an outward investor in tourism, manufacturing, retail, finance, education, and media. The negotiations are expected to result in a comprehensive trade agreement between the two countries.
The United States does not have a bilateral investment treaty or a bilateral taxation treaty with Kenya. However, the U. Kenya remains the largest textile exporter under AGOA. The report shows that a medium sized company in Kenya pays a total tax rate of The iTax system launched by the Kenya Revenue Authority in mid has reduced tax compiling time from hours in to in , compared to the global average of hours.
Kenya, however, still performs poorly in the post-filing index, which measures value-added tax VAT refunds and corrections made to corporate income tax returns, scoring only The Kenyan Constitution requires government to incorporate public participation before officials and agencies make certain decisions.
The draft Public Participation Bill would provide the general framework for such public participation. The Ministry of Devolution has produced a guide for counties on how to carry out public participation; many counties have enacted their own laws on public participation. The Environmental Management and Coordination Act incorporates the principles of sustainable development, including public participation in environmental management.
The Public Finance Management Act mandates public participation in the budget cycle. Kenya has regulations to promote inclusion and fair competition when applying for tenders. Executive Order No. However, the directive is yet to be fully implemented. Many GOK laws grant significant discretionary and approval powers to government agency administrators, which can create uncertainty among investors. While some government agencies have amended laws or published clear guidelines for decision-making criteria, others have lagged in making their transactions transparent.
Work permit processing remains a problem, with overlapping and sometimes contradictory regulations. American companies have complained about delays and non-issuance of permits that appear compliant with known regulations. The U. According to the Africa Regional Integration Index Report , Kenya is the second best integrated country in Africa and a leader in regional integration policies within the EAC and COMESA regional blocs, with strong performance on regional infrastructure, productive integration, free movement of people, and financial and macro-economic integration.
Kenya generally adheres to international regulatory standards. Accounting, legal, and regulatory procedures are transparent and consistent with international norms. The board is an independent, private sector, not-for-profit organization that is the standard-setting body of the IFRS Foundation. Subordinate courts include: Magistrates, Khadis Muslim succession and inheritance , Courts Martial, the Employment and Labor Relations Court formerly the Industrial Court , and the Milimani Commercial Courts — the latter two of which both have jurisdiction over economic and commercial matters.
There is no systematic executive or other interference in the court system that affects foreign investors, however, the courts face allegations of corruption, as well as political manipulation in the form of unjustified budget cuts which significantly impact the ability of the judiciary to deliver on its mandate and delayed confirmation of nominated Judges by the President resulting in an understaffed judiciary and long delays in rendering judgments. The Foreign Judgments Reciprocal Enforcement Act provides for the enforcement of judgments given in other countries that accord reciprocal treatment to judgments given in Kenya.
Outside of such an agreement, a foreign judgment is not enforceable in the Kenyan courts except by filing a suit on the judgment. Foreign advocates may practice as an advocate in Kenya for the purposes of a specified suit or matter if appointed to do so by the Attorney General.
However, foreign advocates are not entitled to practice in Kenya unless they have paid to the Registrar of the High Court of Kenya the prescribed admission fee. Additionally, they are not entitled to practice unless a Kenyan advocate instructs and accompanies them to court. The regulations or enforcement actions are appealable and are adjudicated in the national court system.
Kenya does not have a competition or Anti-Trust policy, however the Competition Act created the Competition Authority of Kenya CAK which covers restrictive trade practices, mergers and takeovers, unwarranted concentrations, and price control. Company takeovers are possible if the share buy-out is more than 90 percent, although such takeovers are rarely seen in practice. The constitution guarantees protection from expropriation, except in cases of eminent domain or security concerns, and all cases are subject to the payment of prompt and fair compensation.
The Land Acquisition Act governs due process and compensation in land acquisition, although land rights remain contentious and can cause significant project delays. However, there are cases where government measures could be deemed indirect expropriation that may impact foreign investment.
International companies may opt to seek international well-established dispute resolution at the ICSID. There have been very few investment disputes involving U. Commercial disputes, including those involving government tenders, are more common. There are different bodies established to settle investment disputes. However, the private sector cites weak institutional capacity, inadequate transparency, and inordinate delays in dispute resolution in lower courts.
The resources and time involved in settling a dispute through the Kenyan courts often render them ineffective as a form of dispute resolution. The government does accept binding international arbitration of investment disputes with foreign investors. Legislation introduced in established the Nairobi Centre for International Arbitration NCIA , which seeks to serve as an independent, not-for-profit international organization for commercial arbitration, and may offer a quicker alternative to the court system.
In , the Kenya Revenue Authority launched an Alternative Dispute Resolution ADR mechanism aiming to provide taxpayers with an alternative, fast-track avenue for resolving tax disputes. The Kenyan Judiciary reported in its State of the Judiciary and Administration Report that it had commenced its court recording and transcription project with the installation of recording equipment in six courtrooms in the Commercial and Tax Division in Nairobi.
The project will significantly speed up the hearing of cases as judges will no longer be required to record proceedings by hand. The National Council on the Administration of Justice spearheaded legislative reforms to accommodate mediation in the formal court process as well as introduce small claims courts to expedite resolution of commercial cases.
The Judiciary reported in its State of the Judiciary Address , that the Mediation Accreditation Committee accredited mediators that were handling a total of commercial matters during the reporting period. Additionally, the Judiciary reported that disputes with a total value of over three billion Kenyan shillings KSH approximately USD 30,, had been resolved through Court Annexed Mediation during the reporting period.
Court Annexed Mediation serves as an effective case resolution mechanism that will significantly reduce pressure on the justice system and eventually result in expeditious determination of commercial cases. The Insolvency Act modernized the legal framework for bankruptcies. The act promotes fair and efficient administration of cross-border insolvencies to protect the interests of all creditors and other interested persons, including the debtor.
The act repeals the Bankruptcy Act and updates the legal structure relating to insolvency of natural persons and incorporated and unincorporated bodies. The Insolvency Act increased the rights of borrowers and prioritizes the revival of distressed firms. The law states that a debtor will automatically be discharged from debt after three years.
Bankruptcy is not criminalized in Kenya. The minimum foreign investment to qualify for GOK investment incentives is USD ,, a potential deterrent to foreign small and medium enterprise investment, especially in the services sector. Investment Certificate benefits, including entry permits for expatriates, are outlined in the Investment Promotion Act The government allows all locally-financed materials and equipment for use in construction or refurbishment of tourist hotels to be zero-rated for purposes of VAT calculation — excluding motor vehicles and goods for regular repair and maintenance.
The National Treasury principal secretary, however, must approve such purchases. In a measure to boost the tourism industry, one-week employee vacations paid by employers are a tax-deductible expense. VAT refund claims must be submitted within 12 months of purchase. The program provides a percent tax deduction on plant machinery and equipment and raw materials imported for production of goods for export. The program is also open to Kenyan companies producing goods that can be imported duty-free or goods for supply to the armed forces or to an approved aid-funded project.
Investors in metal manufacturing and products and the hospitality services sectors are able to deduct from their taxes a large portion of the cost of buildings and capital machinery. The Finance Act amended the Income Tax Act to reintroduce capital gains tax on transfer of property located in Kenya. Under this provision, gains derived on the sale or transfer of property by an individual or company are subject to tax at rates of at least five percent.
Sales and transfer of property related to the oil and gas industry are taxed up to The Finance Act also reintroduced the withholding VAT system by government ministries, departments, and agencies. The system excludes the Railway Development Levy RDL imports for persons, goods, and projects; the implementation of an official aid-funded project; diplomatic missions and institutions or organizations gazetted under the Privileges and Immunities Act ; and the United Nations or its agencies.
Companies operating within an EPZ benefit from the following tax benefits: a year corporate-tax holiday and a 25 percent tax thereafter; a year withholding tax holiday; stamp duty exemption; percent tax deduction on initial investment applied over 20 years; and VAT exemption on industrial inputs. Approximately 50 percent of all firms in the zones are fully-owned by foreigners — mainly from India — while the rest are locally owned or joint ventures with foreigners.
While EPZs are focused on encouraging production for export, SEZs are designed to boost local economies by offering benefits for goods that are consumed both internally and externally. SEZs will allow for a wider range of commercial ventures, including primary activities such as farming, fishing, and forestry.
The Special Economic Zones Regulations state that the Special Economic Zone Authority SEZA must maintain an open investment environment to facilitate and encourage business by the establishment of simple, flexible, and transparent procedures for investor registration. In Kenya developed the revised draft SEZ regulations with simplified and improved incentives structure. The draft regulations include customs duty exemptions to goods and services in the SEZ and no trade related restrictions including quantitative ones in import of goods and services into the SEZ.
The rules also empower county governments to set aside public land for establishment of industrial zones. Companies operating in the SEZs will receive the following benefits: all SEZ supplies of goods and services to companies and developers will be exempted from VAT; the corporate tax rate for enterprises, developers, and operators will be reduced from 30 percent to 10 percent for the first 10 years and 15 percent for the next 10 years; exemption from taxes and duties payable under the Customs and Excise Act , the Income Tax Act , the EAC Customs Management Act , and stamp duty; and exemption from county-level advertisement and license fees.
There are currently SEZs in Mombasa 2, sq. The GOK mandates local employment in the category of unskilled labor. The Kenyan government regularly issues permits for key senior managers and personnel with special skills not available locally. For other skilled labor, any enterprise whether local or foreign may recruit from outside if the skills are not available in Kenya.
Firms seeking to hire expatriates must demonstrate that the requisite skills are not available locally through an exhaustive search. The Ministry of EAC and Regional Development, however, has noted plans to replace this requirement with an official inventory of skills that are not available in Kenya.
Tenders funded entirely by the government with a value of less than KSH 50 million approximately USD , , are reserved for Kenyan firms and goods. If the procuring entity seeks to contract with non-Kenyan firms or procure foreign goods, the act requires a report detailing evidence of an inability to procure locally. The act also calls for at least 30 percent of government procurement contracts to go to firms owned by women, youth, and persons with disabilities. The act further reserves 20 percent of county procurement tenders to residents of that county.
The Finance Act amends the Public Procurement and Asset Disposal Act to introduce Specially Permitted Procurement as an alternative method of acquiring public goods and services. The new method permits state agencies to bypass existing public procurement laws under certain circumstances. Procuring entities will be allowed to use this method where market conditions or behavior do not allow effective application of the 10 methods outlined in the Public Procurement and Disposal Act.
The act gives the National Treasury Cabinet Secretary the authority to prescribe the procedure for carrying out specially permitted procurement. Kenya passed the Data Protection Act which imposes restrictions on the transfer of data in and out of Kenya without consent of the Data Protection Commissioner and the subject, functionally requiring data localization. The Constitution prohibits foreigners or foreign owned firms from owning freehold interest in land in Kenya. However, unless classified as agricultural, there are no restrictions on foreign-owned companies leasing land or real estate.
The cumbersome and opaque process to acquire land raises concerns about security of title, particularly given past abuses relating to the distribution and redistribution of public land. The Land Extension and Renewal of Leases Rules stopped the automatic renewal of leases and tied renewals to the economic output of the land that must be beneficial to the economy.
If property legally purchased remains unoccupied, the property ownership can revert to other occupiers, including squatters. Privately-owned land comprised six percent of the total land area in ; government land was about 20 percent of the total and included national parks, forest land and alienated and un-alienated land. Trust land is the most extensive type of tenure, comprising 64 percent of the total land area in The Constitution and subsequent land legislation created the National Land Commission, an independent government body mandated to review historical land injustices and provide oversight of government land policy and management.
This had the unintended side effect of introducing coordination and jurisdictional confusion between the commission and the Ministry of Lands mainly fueled by land interests by the political class. In , President Kenyatta commissioned the new National Titling Center with a promise to increase the 5. From to , an additional 4. Land grabbing resulting from double registration of titles remains prevalent. Property legally purchased but unoccupied can revert ownership to other parties.
Mortgages and liens exist in Kenya, but the recording system is not reliable — Kenya has only some 24, recorded mortgages in a country of The legal infrastructure around land ownership and registration has changed in recent years, and land issues have delayed several major infrastructure projects. The GOK has not yet effectively implemented this provision. In July , the Ministry of Lands and Physical planning released draft electronic land registration regulations to guide the e-transaction of land.
The Ministry together with the National Land Commission agreed to commence the e-transaction on land matters pending resolution of outstanding issues. The major intellectual property enforcement issues in Kenya related to counterfeit products are corruption, lack of penalty enforcement, failure to impound imports of counterfeit goods at the ports of entry, and reluctance of brand owners to file a complaint with the Anti-Counterfeit Agency ACA. Copyright piracy and the use of unlicensed software are also emerging challenges.
Several categories of imported goods, specifically food products, electronics, and medicines, must have an import standardization mark ISM. Under this program, U. From time to time KEBS and the Anti-Counterfeit Agency conduct random seizures of counterfeit imports but there is no clear database of seizures kept. Kenya developed the draft Financial Markets Conduct bill to consolidate and harmonize the financial sector in the country.
Among the proposals in the draft bill is the establishment of the financial markets conduct authority to be the sole body to regulate providers of financial products and services to retail financial customers and to curb irresponsible financial market practices, a move that will create a conflict with the current financial markets regulators. Foreign investor participation has always been high and a key determinant of the market performance in the NSE. The NSE in July launched the derivatives market that will facilitate trading in future contracts on the Kenyan market and will be regulated by the Capital Market Authority of Kenya.
The bond market is underdeveloped and dominated by trading in government debt securities. The government domestic debt market, however, is deep and liquid. Long-term corporate bond issuances are uncommon, leading to a lack of long-term investment capital. In November , Kenya repealed the interest rate capping law passed in which had had the unintended consequence of slowing private sector credit growth. There are no restrictions for foreign investors to seek credit in the domestic financial market although it still struggles to fund big ticket projects.
Legal, regulatory, and accounting systems are generally aligned with international norms. The Kenyan National Treasury has launched its mobile money platform government bond to retail investors locally dubbed M-Akiba purchased at USD 30 on their mobile phones.
M-Akiba has generated over , accounts for the Central Depository and Settlement Corporation and The National Treasury has made initial pay-outs to bond holders. The GOK expects to issue USD 10 million over this platform in in an effort to deepen financial inclusion and financial literacy. According to the African Private Equity and Venture Capital Association AVCA report on venture capital performance in Africa, Kenya is assessed as having a well-developed venture capitalist ecosystem ranking second in sub-Saharan Africa and accounted for 18 percent of the deals between in Africa.
The combined use of both the Central Depository and Settlement Corporation CDSC and an automated trading system has moved the Kenyan securities market to globally accepted standards. The Kenyan banking sector in included 40 operating commercial banks, one mortgage finance company, 13 microfinance banks, nine representative offices of foreign banks, 70 foreign exchange bureaus, 15 money remittance providers, and three credit reference bureaus which are licensed and regulated by the Central Bank of Kenya.
Kenya also has 12 deposit-taking microfinance institutions. According to the CBK, 32 out of 39 commercial banks restructured their loans to accommodate those affected. Non-performing loans NPLs rose to The Banking sector has 12 listed banks in the Nairobi Securities Exchange which owned 89 percent of the banking assets in This repeal effectively provides financial institutions flexibility with regards to pricing the risk of lending.
In the ongoing land registry digitization process, the Kenyan Government is working on a database, known as the single source of truth SSOT , to eliminate fake title deeds in the Ministry of Lands. The SSOT database development plan is premised on blockchain technology — distributed ledger technology — as the primary reference for all land transactions.
The SSOT database would help the land transaction process to be efficient, open, and transparent. The blockchain taskforce presented its report to the Ministry of Information, Communication Technology, Innovations and Youth Affairs on the viability and opportunities of the blockchain technology which is yet to be implemented. Data from the Communication Authority of Kenya shows that in the 3 months to December , 30 million Kenyans had active mobile money subscriptions.
Several mobile money platforms have achieved international interoperability, allowing the Kenyan diaspora to conduct financial transactions in Kenya from abroad. Kenya has no restrictions on converting or transferring funds associated with investment. Kenyan law requires the declaration to customs of amounts greater than KSH 1,, approximately USD 10, or the equivalent in foreign currencies for non-residents as a formal check against money laundering.
Kenya is an open economy with a liberalized capital account and a floating exchange rate. The CBK engages in volatility controls aimed exclusively at smoothing temporary market fluctuations. Between June and June , the Kenyan shilling declined 3. In , foreign exchange reserves remained relatively steady. The average inflation rate was 5. Foreign currency is readily available from commercial banks and foreign exchange bureaus and can be freely bought and sold by local and foreign investors.
The Central Bank of Kenya Act , however, states that all foreign exchange dealers are required to obtain and retain appropriate documents for all transactions above the equivalent of KSH 1,, approximately USD 10, Kenya has 15 money remittance providers as at following the operationalization of money remittance regulations in April Kenya was removed from the inter-governmental Financial Action Task Force FATF Watchlist in following progress in creating the legal and institutional framework to combat money laundering and terrorism financing.
The fund would receive income from any future privatization proceeds, dividends from state corporations, oil and gas, and minerals revenues due to the national government, revenue from other natural resources, and funds from any other source. The purpose of the USF is to fund national projects that have significant impact on the availability and accessibility of ICT services in rural, remote, and poor urban areas.
In , the Presidential Task Force on Parastatal Reforms PTFPR published a list of all state-owned enterprises SOEs and recommended proposals to reduce the number of State Corporations from to to eliminate redundant functions between parastatals; close or dispose of non-performing organizations; consolidate functions wherever possible; and reduce the workforce — however, progress is slow. Financial operations of most SOEs are not readily available due to their opaque operating procedures despite being public entities, only those that are listed in the Nairobi Securities Exchange publish their financial positions as guided by the Capital Markets Authority guidelines.
Corporate governance in SOEs is guided by the Constitution chapter 6 on integrity, Leadership and Integrity Act and the Public Officer Ethics Act which provide integrity and ethical requirements governing the conduct of State and public officers. In general, competitive equality is the standard applied to private enterprises in competition with public enterprises.
Certain parastatals, however, have enjoyed preferential access to markets. Examples include Kenya Reinsurance, which enjoys a guaranteed market share; Kenya Seed Company, which has fewer marketing barriers than its foreign competitors; and the National Oil Corporation of Kenya NOCK , which benefits from retail market outlets developed with government funds.
Some state corporations have also benefited from easier access to government guarantees, subsidies, or credit at favorable interest rates. KTLN is aimed at lowering the cost of doing business in the country, which will be achieved through the provision of port, rail, and pipeline infrastructure in a cost effective and efficient manner. The amendment reserves 30 percent government supply contracts for youth, women, and small and medium enterprises. GOK has been committed to implementing a comprehensive public enterprises reform program to increase private sector participation in the economy.
In , GOK is implementing a sugar taskforce report that proposed privatization of some state-owned sugar firms to increase their efficiency and productivity. With the services sector leading the way, Kenya enjoyed steady growth, producing year-over-year increases in GDP for most of the past decade. In , services accounted for Lakuma talked to Global Finance from Kampala, Uganda. Yet looking more closely, the picture is less certain. One top concern is the difficulty in obtaining financing to improve infrastructure.
That leaves it to the government to finance infrastructure, leading to higher state borrowing and debt. Terrorism puts up another hurdle. The Somalian terror group Al-Shabaab carried out five deadly attacks in Kenya during the first two weeks of January, the latest in a long series of strikes in retaliation for Nairobi sending its troops into Somalia in The fact that Al-Shabaab operates in small cells complicates government efforts to negotiate, says Lakuma. Not surprisingly, the governments of the US, the UK and Canada have warned their citizens against traveling to specified areas, damping enthusiasm for any increase in FDI.
This article appeared in issue April Menu Search Global Finance Magazine. Log In Email Address. Password This is a valid message Forgot Password? Log In. Not registered on GFMag. Register now. Bank safety has never mattered more than it does now.
We take the health, safety, and well-being of our employees, investors and other members of our community very seriously and are committed to play our role in the fight against the virus. Thus, if you have any question or concerns, or you would like to start the process of implementing your investment project please do not hesitate to contact us through the CMS, usual email addresses, and the listed telephone numbers:.
We believe the virus will be crushed and our normal services will resume the soonest possible. In the meantime, we thank you for making Kenya your investment home and wish you and your families good health and safety during this crisis period and beyond.
Home Career. Careers Keninvest offers exceptional career opportunities for professionals interested in facilitating investors. Currently Positions Available: If you have skills to meet the requirement and passion to match,we want to hear from you.
Liaison with other government agencies for the issuance of additional licenses and approvals not directly handled by the Authority. Following up with investors at regular intervals to assist in smooth project implementation and address any concerns. We also undertake research, review and analyse policies, and engage in policy advocacy geared towards improving the business environment. We put our investors first and strive to continuously meet and exceed their expectations.
We promote an innovative culture and attitude demonstrated through our proactive initiation of change, shared knowledge teamwork, and fostering an atmosphere of continuous improvement. We treat each other with the highest degree of dignity, equality and trust recognizing the importance of diversity of culture and social values.
We subscribe to cordial and respectful co-existence, employ hight ethical standards, demonstrate honesty fairness, equity and gender balance in both recruitment and career development opportunities. We subscribe to the highest level of professionalism, confidentiality, excellence, integrity, transparency and accountability in the delivery of services. We promote and support a diverse, yet unified, team. We work together to meet our common goals.
We value dedication to duty and are fully committed to delivery on our mandate, as our service to our beloved country. We will continue to provide to our investors quality services through digital tools. We take the health, safety, and well-being of our employees, investors and other members of our community very seriously and are committed to play our role in the fight against the virus.
Thus, if you have any question or concerns, or you would like to start the process of implementing your investment project please do not hesitate to contact us through the CMS, usual email addresses, and the listed telephone numbers:. We believe the virus will be crushed and our normal services will resume the soonest possible.
In the meantime, we thank you for making Kenya your investment home and wish you and your families good health and safety during this crisis period and beyond. Our Services We strive to continuously provide quality services on a wide array of areas to investors. Investment Promotion.
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