News

Kenya has strengthened its industrialization drive with the official launch of K-Elec, a Korean–Kenyan technology firm that has commissioned electronics manufacturing factory to produce televisions and refrigerators for the regional market. The facility, unveiled today, brings together Kenyan talent and Korean manufacturing expertise and is expected to employ about 400 Kenyans. The launch attracted senior government officials, diplomats and industry leaders, reflecting the strategic importance of the investment to Kenya’s economic transformation.

The Africa Investment Conference 2025 opened today in Nairobi, bringing together investors, policymakers, innovators and CFA charter holders to chart a more decisive course for Africa’s economic transformation. Principal Secretary for Investment Promotion Abubakar Hassan Abubakar delivered the keynote address, highlighting Kenya’s commitment to enabling investment-grade opportunities and strengthening the continent’s collective ability to mobilize capital at scale.

Kenya’s public and private sector leaders gathered in Nairobi for the County Investment Readiness Forum. A high-level meeting focused on evaluating the nation’s investment preparedness and boosting competitiveness at the county level. The event brought together national and county officials, development partners, investors and economic policy experts including Principal Secretary (PS) for Investment Promotion Abubakar Hassan Abubakar, Council of Governors CEO Mary Mwiti, Kenya Investment Authority CEO John Mwendwa and KPMG’s partner Smita Sanghrajka.

Kenya and the European Union (EU) have reaffirmed their commitment to strengthening economic and development cooperation during a high-level engagement between the EU delegation and the State Department for Investment Promotion (SDIP). The engagement brought together officials from the Council Working Party on Humanitarian Aid and Food Aid (COHAFA), the Working Party on Development Cooperation and International Partnerships (CODEV-PI), EU Member States and technical teams from the Kenya Investment Authority and the Ministry of Investments, Trade and Industry.

Outperforming major economies in the pillar that matters most: how enterprises innovate, compete, and grow.

• Kenya outranks: Spain, France, Japan, Poland, South Africa.
• Measures: Productivity, management, entrepreneurship, labor agility.

Kenya and the Republic of Korea have renewed their commitment to strengthening bilateral trade and investment ties during the Korea-Kenya Business Forum held today in Nairobi. The forum convened a distinguished delegation led by the Principal Secretary for Investment Promotion, Mr. Abubakar Hassan Abubakar; the Ambassador of the Republic of Korea to Kenya, H.E. Kang Hyung-shik; the CEO of the Kenya National Chamber of Commerce and Industry (KNCCI), Mr. K.K. Mutai and the Chairperson of the Korea Importers Association (KOIMA), Ms. Youn Young Mi.

Kenya and Malaysia held the Malaysia–Kenya High Level Business Forum in Nairobi, where leaders from both countries committed to deepening bilateral cooperation through new investments, technology partnerships and strengthened trade relations. The forum, attended by Malaysia’s Prime Minister Datuk Seri Anwar Bin Ibrahim, the Minister of Investment, Trade and Industry of Malaysia Tengku Zafrul Abdul Aziz and Kenya’s Principal Secretary for Investment Promotion, Mr.

The Embassy of the Sultanate of Oman in Kenya today hosted a vibrant celebration of Oman’s National Day in Nairobi. The event brought together diplomats, senior government officials and invited guests, including Kenya’s Principal Secretary for Investment Promotion, Mr. Abubakar Hassan Abubakar, who joined Ambassador Nasra Salim Mohamed Al-Hashmi in commemorating the occasion. The ceremony highlighted Oman’s national achievements, diplomatic priorities and the strengthening bilateral ties between Kenya and Oman.

The State Department for Investment Promotion, in partnership with the World Bank and major pension sector players, today convened a high-level dialogue on the establishment of the Green Investment Fund (GIF). The meeting, chaired by Principal Secretary Abubakar Hassan Abubakar, brought together key institutional investors including the Central Bank of Kenya (CBK) Pension Fund and the Public Service Superannuation Fund (PSSF).

The Ministry of Investments, Trade and Industry (MITI) through the State Department for Investment Promotion (SDIP) today launched the inaugural County Competitiveness Index (CCI) Report in Nairobi — a data-driven tool designed to benchmark the investment readiness of Kenya’s 47 counties and guide county-level policy and investment decisions. The event, led by Cabinet Secretary Hon.