Launching of a transformative partnership between KenInvest, UNDP and World Bank

Hon. Rebecca Miano officiated the launch of a transformative partnership between the United Nations Development Programme (UNDP), World Bank and Kenya Investment Authority (KenInvest)  to develop and implement an Investment Facilitation Framework and Foreign Direct Investment (FDI) Attraction Strategy. The framework is aimed at creating a transparent, predictable, efficient and trusted mechanism for effective investment facilitation.

Speaking during launch of the partnership in Nairobi, Hon. Rebecca Miano, MBS the Cabinet Secretary for the Ministry of Investments, Trade and Industry (MITI), lauded the partnership arguing that it will make it easier for investors to invest, conduct their business and expand their operations in Kenya. She further added, that through the partnership Kenya will streamline procedures related to domestic and foreign investor attraction and also improve coordination and cooperation among actors in the investment cycle.

The Cabinet Secretary lauded the role played by the National Investment Council (NIC) a body mandated with providing an overarching coordination mechanism to support the growth of investment in Kenya and for working tirelessly with the Secretariat to conceptualize the Investment Facilitation Framework.