Bid to promote Kenya as investment hub

NAIROBI: Kenya could get more investments following a boost in the management team of the Kenya Investment Authority (KenInvest), through the inauguration of new board members.

The additional team, which is supposed to pitch Kenya as an investment hub, was appointed in April through a Kenya Gazette notice, bringing extensive experience in Private Investments, Finance, Agriculture, IT and Corporate Social Responsibility. Speaking during the inauguration ceremony in Nairobi yesterday, Commerce Cabinet Secretary Phyllis Kandie said Kenya has made great steps in attracting investors. "Spurred by the transformative Vision 2030, the country has a rapidly growing portfolio of investment opportunities, which is capturing the attention of major global brands," she said.

KenInvest Chair Anne Muchoki said Kenya has been aggressive in recent months in implementing a series of reforms to improve the ease and cost of doing business. "We are hugely optimistic given the increase in investor enquiries from companies seeking to benefit from our robust economic growth," she said.