Functions of Kenya Investment Authority
The Kenya Investment Authority (KenInvest) is a government agency responsible for promoting and facilitating both local and foreign investments in Kenya. Its primary mandate is to attract and retain investments in all sectors of the economy and promote sustainable economic growth.
The Kenya Investment Authority (KenInvest) plays a pivotal role in promoting and facilitating investment in Kenya, attracting local and foreign investors, and promoting sustainable economic growth. This article provides an overview of the duties and responsibilities of the Kenya Investment Authority, the Board of Management, and the contact details for KenInvest.
It highlights the key role played by KenInvest in promoting investment in Kenya, creating job opportunities, and spurring economic growth and development. Whether you are a local or foreign investor, this article will provide valuable insights into the investment opportunities available in Kenya and the investment facilitation services offered by the Kenya Investment Authority.
Functions of Kenya Investment Authority
The Kenya Investment Authority (KenInvest) performs several functions in promoting and facilitating investment in Kenya. Here are some of the key functions of KenInvest:
- Investment promotion: KenInvest promotes investment opportunities in Kenya to both local and foreign investors. It markets Kenya as a destination for investment and creates awareness of the investment potential in various sectors of the economy.
- Investment facilitation: KenInvest provides support to investors in setting up businesses in Kenya. It helps investors navigate the regulatory environment, obtain necessary permits and licenses, and access investment incentives.
- Investment aftercare: KenInvest provides post-investment services to investors to ensure they receive the necessary support to operate and expand their businesses in Kenya. This includes monitoring the performance of investments, resolving investor concerns, and providing information on government policies and regulations that affect investments.
- Policy advocacy: KenInvest advocates for policies and regulations that promote investment in Kenya. It engages with relevant government agencies and stakeholders to identify and address policy and regulatory barriers to investment.
- Research and analysis: KenInvest conducts research and analysis on investment trends and opportunities in Kenya. It provides investors with information on market trends, investment opportunities, and risks associated with investing in various sectors of the economy.
- Public-private partnerships: KenInvest works with the private sector and other stakeholders to create an enabling environment for investment in Kenya. It facilitates public-private partnerships that promote investment in infrastructure, technology, and other critical sectors of the economy.
How The Commission Works
The KenInvest offers various services to investors, including investment promotion, facilitation, aftercare services, and policy advocacy. It provides information on investment opportunities in the country, offers investment advisory services, and assists investors with obtaining the necessary licenses and permits to operate in Kenya. The agency also provides post-investment services to ensure that investors receive the necessary support to operate and expand their businesses.
KenInvest works closely with other government agencies, such as the Ministry of Industry, Trade, and Cooperatives, the Kenya Revenue Authority, and the Kenya Bureau of Standards, to provide a seamless investment experience for investors. The agency collaborates with the private sector and other stakeholders to create an enabling environment for investment and to promote public-private partnerships.
Kenya Investment Authority Board Of Management
The Kenya Investment Authority (KenInvest) is governed by a Board of Management appointed by the Cabinet Secretary for National Treasury and Planning. The Board is responsible for overseeing the management and operations of the Authority.
The Kenya Investment Authority (KenInvest) is headed by a Board of Management comprising 11 members. The Board is chaired by Amb. Dr. Francis M. Muthaura, who provides leadership and oversight to the management team. Dr. Moses Ikiara serves as the Managing Director, responsible for the day-to-day operations of the Authority.
The Board of Management is responsible for setting the strategic direction of the Authority, approving policies and plans, and overseeing the implementation of programs and projects. It provides guidance and support to the management team and ensures that the Authority operates in accordance with the law and best practices.
Under the leadership of the Board, KenInvest has continued to play a key role in promoting and facilitating investment in Kenya. Its investment promotion and facilitation efforts have attracted significant investments in various sectors of the economy, creating job opportunities and spurring economic growth and development. The leadership of KenInvest is committed to creating an enabling environment for investment in Kenya, promoting sustainable development, and ensuring that the Authority continues to be a key player in promoting investment in the country.
Kenya Investment Authority Contacts
UAP Old Mutual Tower, 15th Floor, Upper Hill Road
P.O. Box 55704 – 00200 City Square
Nairobi, Kenya.
Phone:+254 (730) 104-200 ||+254 (730) 104-210
Email: inquire@invest.go.ke
Website: http://www.invest.go.ke
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