NAIROBI, Kenya, Jan 27 – Kenya Investment Authority has partnered with key stakeholders to launch a web-based Foreign Direct Investment (FDI) Tracking Tool.
According to KenInvest, the tool has been launched amid increasing demand for statistics and public administrative information, as well as the demands to compile accurate, reliable, and timely investment statistics for the country.
The Authority’s Chairperson Dennis Waweru says the FDI Tracking Tool will help track investment performance using key verifiable indicators, store information on actual investment inflows, and enable analysis and reporting of investment data in the desired format.
It will also play a significant role in helping to improve the management, storage and retrieval of investment information and FDI data, thus assist in the publication of KenInvest’s planned flagship Publication State of Investment Report.
“The expected outputs of the FDI tool also include Information on the status of foreign direct investment and domestic direct investment, Source countries of investment, Sector of investment, Contact management, Aftercare analysis, event Management, and Knowledge management.”
Commenting on the same, Moses Ikiara, the Managing Director of the Authority said, “the tool will further one of KenIvest’s mandate which is to register and create a database of investments made by both foreign and local investors and provides the same data to stakeholders upon request on aggregation form.”
The FDI tracking tool has been launched through the technical and financial support of Partnership for Investment and Growth in Africa, a flagship program of the UK Foreign and the Commonwealth and Development Office.