Government Holds Stakeholders' Engagement to Seek Inputs on Business and Investment Laws in Kenya

In a significant development, the Honorable PS Abubakar Hassan spearheaded a stakeholders' engagement session today, aiming to present and gather valuable inputs on various business and investment-related laws. This inclusive process sought to ensure that the laws in question effectively address the needs and concerns of all relevant parties.

The laws under review during this session encompassed the SEZ Act of 2015, EPZ Act of 1990, Investment Promotion Act of 2004, Business Laws Amendment Bill of 2023, and the proposed Kenya National Chambers Bill. These laws hold substantial importance in regulating business activities, promoting investment, and enhancing the overall business environment within the country.

The stakeholders' engagement session served as a platform for diverse participants, including representatives from various sectors, industry experts, and concerned individuals, to share their perspectives, insights, and suggestions regarding the laws as mentioned above. The aim was to gather comprehensive feedback to contribute to the drafting and refinement process.

To facilitate the incorporation of stakeholders' comments, an Institutional Technical Working Team has been established. This team will meticulously collect and collate the feedback received during the engagement session. Their primary responsibility will be to synthesize and integrate valuable inputs into the drafting process of the laws, ensuring that the interests and concerns of stakeholders are adequately addressed.

By organizing these stakeholders' engagement and incorporating their inputs into the drafting process, the government demonstrates its commitment to inclusivity and transparency. This approach ensures that the resulting laws will be robust, relevant, and well-aligned with the needs and aspirations of the business and investment community in Kenya.

Overall, the stakeholders' engagement session led by the Honorable PS Abubakar Hassan marked a significant step towards soliciting diverse perspectives and incorporating stakeholder feedback in reviewing and developing crucial business and investment-related laws in Kenya.