Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Commenting on the standing, the Cabinet Secretary for Industrialisation and Enterprise Development Adan Mohamed said there is growing confidence by global investors in the country/FILE

Kenya

Kenya among key emerging markets investment stops

Commenting on the standing, the Cabinet Secretary for Industrialisation and Enterprise Development Adan Mohamed said there is growing confidence by global investors in the country/FILE

Commenting on the standing, the Cabinet Secretary for Industrialisation and Enterprise Development Adan Mohamed said there is growing confidence by global investors in the country/FILE

NAIROBI, Kenya Jan 26 – Kenya has been ranked as one of the seven top investment destinations to watch in emerging markets by Fortune magazine.

The ranking takes note of the massive efforts being made in infrastructure development, the power sector and improving macro-economic stability.

Commenting on the standing, the Cabinet Secretary for Industrialisation and Enterprise Development Adan Mohamed said there is growing confidence by global investors in the country.

“The reducing cost of doing business and stable macro-economic environment continues to make a clear signal that Kenya is ready to do business with the world and we are delighted that investors are showing increasing confidence in our country, “Mohamed said.

Kenya has embarked on an ambitious programme to address challenges on the ease of doing business and has set up a delivery team to make the country a world class investment destination.

The Ministry of Industrialisation and Enterprise Development is leading the business climate reform agenda and is working with various government agencies.

Kenya made a cut to the special list of seven that has India, Malaysia, Indonesia, Mexico, Poland and Colombia.

Kenya improved by one position in the World Bank Doing Business Report 2015, where it ranks at position 136 out of 189 nations globally compared to the 2014 report where it ranked 137 in the ease of doing business.

READ: Kenya edges rank higher in WB doing business report

The news also comes as the country is also setting up a one-stop shop where investors can obtain business permits to prop up Kenya’s position as a favourite regional investment destination.

Advertisement. Scroll to continue reading.

Business registration in the country can also be done instantly via mobile phones.

READ: Kenyans can now register business via phones

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...