Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Agriculture Cabinet Secretary Peter Munya says the pact is the only way to keep the country afloat on matters trade once the African Growth and Opportunities Act agreement expires in 2025/FILE

Government

Government launches investment blueprint and capacity building county handbook

The Kenya Investment Policy is a comprehensive and harmonized policy to guide attraction, facilitation, retention, monitoring and evaluation of private investment both at the national and county levels/FILE

NAIROBI, Kenya, Nov 7 – The government has launched the Kenya Investment Policy and the County Investment Handbook.  

Speaking during the unveiling of the policy, Industry, Trade & Cooperatives Cabinet Secretary Peter Munya described the handbook as a comprehensive and harmonized policy to guide attraction, facilitation and retention of private investment both at the national and county levels.

“The handbook details establishment of County Investment Units (CIUs) to spearhead investments at the grassroots, build capacities for counties and promote the devolved units as viable investment destinations,” he said.

The policy is guided by seven core principles, which emphasize the need for openness and transparency, inclusivity and sustainable development.

The County Investment Handbook was developed to build capacity of county governments in effective investment promotion and facilitation.

It is aimed at helping county structures dealing with investors in establishing priorities and lobbying for proper technical, financial and other forms of support from county and national stakeholders.

“Well thought-out investments are critical to achieve the Big 4 Agenda and help Kenya to achieve industrial transformation at the county level and expand the contribution from manufacturing to national wealth as targeted in vision 2030,” he added.

The Handbook was prepared with technical support of the World Bank Group (WBG), United Kingdom Department for International Development (DFID) and The Netherlands Government.

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...

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...

Headlines

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

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...