Kenya's Government and Business Leaders Collaborate to Boost Investment Climate

In a significant move to bolster the investment climate and attract both domestic and foreign investments, PS Abubakar Hassan recently held a crucial meeting with KAM (Kenya Association of Manufacturers) Board Members, led by Chair Rajan Shah. The meeting aimed to strategize and implement measures that would fine-tune and refine the business environment in Kenya.

The key focus of the meeting was to discuss the effective implementation of more than 10 pro-business reforms captured in the Finance Act 2023. These reforms were put forward by the Business Reforms and Transformation Unit and are expected to act as catalysts for increased levels of investments in the country.

During the meeting, PS Abubakar Hassan expressed a commitment to actively engage with local manufacturers, convening quarterly meetings as part of the government's investor aftercare program. The goal of these engagements is to address the challenges faced by local manufacturers and create an enabling environment for their sustained growth and contribution to the country's economic development.

This collaborative effort between the government and business leaders signals a strong determination to enhance Kenya's investment climate, paving the way for new opportunities and a conducive atmosphere for businesses to thrive. With a focus on fostering domestic and foreign investments, the initiatives discussed in the meeting are poised to have a significant and positive impact on Kenya's economic landscape.