The East Africa Venture Capital Association (EAVCA) has recently announced a collaboration with the State Department of Investment Promotion and the Kenya Development Corporation. Their joint effort aims to establish a framework for co-investing and mitigating risks associated with private investments in County Aggregation and Industrial Parks (CAIPs). This partnership aligns with the goal of driving bottom-up economic transformation through venture capital investment.

Today, the PS for Investment Promotion, Abubakar Hassan, had a productive meeting with EPZ enterprises at EPZ Athi River as part of the state department's aftercare program. The primary objective of this engagement was to enhance the ease of doing business for entities operating within the Zone.

Following the meeting, the PS proceeded to tour Nodor EPZ Ltd, a noteworthy investment amounting to 20 million Pounds from the UK within the EPZ program. Notably, this investment embodies complete backward integration with sisal farmers and extensive utilization of local sourcing.

In a recent announcement following the AFRICAN TRADE & INVESTMENT DIALOGUE, it has been revealed that the State Department of Investment Promotion is firmly dedicated to spearheading the promotion of green investment. Kenya, a nation celebrated for its remarkable advancements in green energy and establishing a stable investment environment, is poised to take the lead in this crucial initiative. This commitment sets the stage for fostering African Green Economic Growth, marking a significant milestone in the pursuit of sustainable development on the continent

The PS Investment Promotion, represented by PS Abubakar Hassan, recently facilitated a substantial meeting involving a prominent delegation of investors from India. The primary focus of this meeting was to engage in discussions regarding potential collaboration between Kenya and India in the realm of clean cooking energy.

KDC neutralizes risky investments, paving the way for private & international investors to participate in otherwise sound opportunities. Watch the rest of our Board Chair’s interview that aired on

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In a pivotal step towards bolstering the economic growth of the nation, the fishery sector emerges as a primary driver, with the fish farming value chain taking center stage. The prioritization of this sector for investment promotion has led to a significant meeting between PS Abubakar Hassan, the esteemed figure spearheading Investment Promotion, and the leadership of the Alpha Group.

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.