Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
COURTESY

Kenya

KenInvest Launches A Foreign Direct Investment Tracking Tool

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.

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...