Single investment portal due December

November 6, 2013
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Industrialisation and Enterprise Development Cabinet Secretary Adan Mohamed says they are fast tracking this process and have a fully operational One Stop Shop/FILE
Industrialisation and Enterprise Development Cabinet Secretary Adan Mohamed says they are fast tracking this process and have a fully operational One Stop Shop/FILE
NAIROBI, Kenya, Nov 5 – The establishment of a One Stop Shop (OSS) by the government where information about investment opportunities, procedures, licenses and permits are all available under one roof is set to be fully operational by the end of December.

Industrialisation and Enterprise Development Cabinet Secretary Adan Mohamed says they are fast tracking this process and have a fully operational One Stop Shop, with all the critical government agencies represented by officers senior enough to make decisions and grant approvals.

“There are several obstacles hindering faster growth of investments, including infrastructure challenges, perception of insecurity, and delays in facilitation of investors. Currently, investors have to seek licenses, permits and approvals in a multiplicity of government agencies located in different parts of the city,” he said.

Mohammed says the OSS will be cost effective and will reduce the tedious and time consuming procedures for starting a business.

“Time required to obtain all approvals can vary from 21 days to five years depending on the complexity of the investment. OSS is aimed at simplifying and shortening procedures and guidelines for issuance of business approvals, permits and authorizations,” he said.

He says that relevant government agencies will be brought to one location, coordinated and streamlined to provide prompt and comprehensive investment information and timely, efficient and transparent facilitation services to investors.

He says that specific ministries to be fast tracked include that of Mining, Tourism, Energy, Agriculture, Education and Information, Communication and Technology (ICT).

Other ministries include that of Infrastructure, Health and Environment.

On his part, Kenya Investment Authority Managing Director Moses Ikiara said the OSS system will reduce costs of establishing new investment as well as reduce the burden of dealing with multiple agencies.

“The system will also improve efficiency and effectiveness in granting approvals, licenses and permits and remove bureaucracy in procedures and processes,” Ikiara said.

He says it will also Improve service delivery and transparency and improve data capture and recording of investment statistics.

“This will contribute to improved investor confidence, increased domestic and foreign investment inflows as well as improved Kenya’s ranking in the World Bank Doing Business Indicators,” he said.

He says that discussions with the Registrar General, Kenya Revenue Authority (KRA) and other agencies are ongoing and have signed a Memorandum of Understanding (MOU) with the Kenya Market Trust for technical assistance and capacity development.

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