In a major step towards enhancing Kenya’s investment climate, the Kenya Private Sector Alliance (KEPSA) and the Kenya Investment Authority (KenInvest) have signed a landmark Cooperation Agreement. This strategic partnership, signed in Nairobi by KEPSA CEO Carole Kariuki and KenInvest CEO John Mwendwa, establishes a framework for closer collaboration to drive economic growth, technological advancement, and investment promotion in Kenya.
The agreement aims to create a robust investment ecosystem by fostering economic ties, exchanging market intelligence within legal parameters, and reinforcing bilateral investment relations. A key focus is on attracting both local and international investors through joint initiatives, including investment forums, trade delegations, and exhibitions showcasing Kenya’s business potential.
“This partnership is a testament to our commitment to sustainable investments,” stated Carole Kariuki during the signing ceremony. She emphasized KEPSA’s dedication to improving the business environment and ensuring Kenya remains an attractive investment destination.
John Mwendwa echoed these sentiments, highlighting the significance of this collaboration in positioning Kenya as a competitive investment hub. “By working together, we can unlock the full potential of the private sector and drive sustainable economic development,” he said.
A crucial aspect of the agreement is policy advocacy and business environment reforms. KEPSA and KenInvest will collaborate on streamlining regulations, reducing investment barriers, and fostering a transparent and investor-friendly ecosystem. This will be achieved through joint policy engagements, regulatory reforms, and public-private dialogues aimed at improving Kenya’s ease of doing business.
Additionally, the partnership will focus on the KEPSA Market Intelligence Hub and the Kenya Investment Single Window. These platforms will enhance investment facilitation by providing data insights, investor support, stakeholder engagement, and system integration. A joint working group will oversee their implementation and operationalization to ensure efficient decision-making and investor confidence.
This agreement marks a significant milestone in Kenya’s journey toward economic transformation. By leveraging their combined expertise, KEPSA and KenInvest are committed to fostering a business environment that attracts investment and accelerates national economic growth. The collaboration signals a new era of strategic investment promotion, reinforcing Kenya’s position as a key player in the global investment landscape.
//Staff writer
