News
In a recent development, PS Investment Promotion Abubakar Hassan stated that the insecurity issue in Lamu will be addressed proactively. This announcement was made during a visit to Hindi Ward and Faza Ward in Lamu County, where PS Abubakar Hassan accompanied CS for Defence Hon. Aden Duale. The visit aimed to engage with the local community and discuss the pressing matter of insecurity.
Launching of cooking oil dispensers in Nairobi's Dagoreti area which will soon be rolled out to other counties. This is in a bid to tame the rising cost of edible oils in Kenya, the cooking oil dispensers are designed to vend small amounts of cooking oil depending on the amount of money the mwananchi has.
Moving counties from frontier investment market to emerging investment market: Strategic shift from performing only citizen service delivery to positioning businesses to competitively compete in the counties, in the country and the in the region.
Officials of The Ministry of Trade Investment and Industry (MITI) were present at a side panel in the ongoing 10th Devolution Conference.
Mr. Abubakar Hassan Principal Secretary (PS), State Department of Investment Promotion spoke of the milestones achieved in positining Kenya as an investment hub. He reiterated of the employment potential existing in the county aggregation program.
In a promising move towards sustainable energy solutions, AAMP Power Kenya and Southern Energy South Africa are poised to lead a transformative investment in hydro power projects along the Athi River. The proposed investment, totaling 22 million US Dollars, aims to establish two hydro power facilities in Kenya - a 4.45 MW project in Machakos County and a 2.45 MW project in Makueni County.
Today afternoon, The Cabinet Secretary, Ministry of Investments, Trade and Industry, Hon. Moses K. Kuria presided a meeting between the World Bank and the Board of Kenya Development Corporation (KDC) where they discussed, among other things, how to fast track ongoing world bank projects in the country aimed at deepening and broadening access to capital and credit. The World Bank has partnered with KDC to scale up existing domestic capital and credit by offering over KES 20b through four projects targeting pastoralists, jobs transformation and entrepreneurship.
In a significant development, SC Johnson, a leading global consumer goods company, has initiated the pilot production of new spatial repellents in Kenya. This innovative solution aims to combat the prevalence of malaria in the country and the broader Great Lakes region. With an initial distribution of one million units, the company foresees this number growing to an impressive 20 million pieces annually.
The quest to make Mombasa the business gateway to East Africa received a major boost today following a successful port users stakeholder meeting chaired by H.E. the President Dr. William Ruto.
Various stakeholders, including shippers, transporters, exporters, importers, Parliamentary leadership, Kenya Government agencies, Uganda Government representatives and representatives from other neighbouring countries had a chance to discuss in-depth issues affecting trade and Impediments to seamless port operations.
The Kenya Shipyards is currently undergoing a significant transformation with the aim of enhancing its capacity to support the maritime industry sustainably and foster the growth of the Blue Economy. This ambitious initiative is set to enable the government to explore untapped trade and investment opportunities in ocean resources, thereby contributing to the economic growth of the country.
The recent launch of the Vijana 2 Invest masterclass in Mombasa has garnered excitement from Abubakar Hassan, the PS for Investment Promotion. The event marks a significant step in recognizing the importance of empowering the youth for a promising future. Under the initiative, young individuals are being encouraged to transition from being mere earners of wages to becoming owners of capital, fostering a culture of entrepreneurship and innovation.