Ushering in of the new Cabinet Secretary for Investments, Trade & Industry, Hon. Rebecca Miano, MBS by the outgoing Cabinet Secretary Hon. Moses Kuria.

In a recent development, H.E. the president, William Ruto, made a significant move by lifting the cap on foreign ownership within the ICT sector. This transformative decision has had tangible results, as evidenced by Amazon's recent investment in Kenya. The presence of such a global tech giant in the country serves as a powerful testament to Kenya's open, ready, safe, and business-oriented environment.

In a recent meeting, Abubakar Hassan, the PS of Investment Promotion welcomed a high-level Chinese delegation led by His Excellency Zhang Hu, the Vice Governor of Guangdong. The gathering centered on discussions aimed at exploring how Chinese investors can tap into Kenya's promising investment prospects across various sectors.

On World Habitat Day in Jomvu, Mombasa County, the SDIP Team had the honor of hosting Governor Mombasa Abdulswamad Sheriff Nassir at their stand. During this event, a presentation was made to Governor Nassir, including the Ease of Doing Business report, Business Climate Reforms documentation, and the KenInvest Project Book. This engagement highlights the collaborative efforts to promote business-friendly initiatives and investments in the region.

The discussion between PS Abubakar Hassan and lawyers from ALN Kenya focused on the recent Supreme Court ruling's impact on land titles in Kenya and the challenges faced by foreign investors in land transactions. While the ruling enhanced land title security, foreign investors still encounter issues like bureaucracy, land disputes, and transparency concerns. The Ardhisasa platform, part of NLIMS, has streamlined processes but needs further improvement to accommodate foreign investors' needs.

In 2023, the Nairobi Centre for International Arbitration hosted the Nairobi Arbitration Week, during which Mr. Abubakar Hassan, PS Investment Promotion, highlighted Kenya's remarkable progress in positioning itself as a premier trade and investment hub within both the regional and continental contexts.

In a significant move to bolster market access and promote business ethics, Principal Secretary Abubakar Hassan Abubakar recently engaged in a roundtable business discussion with UK Prime Minister Theo Clarke. This high-level meeting resulted in the signing of a Memorandum of Understanding (MOU) with the British Chamber of Commerce Kenya Chapter, aimed at facilitating greater cooperation between the two nations in the realm of trade and commerce.

In a momentous event that drew attention from business leaders and stakeholders across the Indo-African region, Principal Secretary Abubakar Hassan Abubakar officially launched the 4th International Indo-Africa B2B Investment and Trade Exhibition. The event took place at the prestigious Kenyatta International Convention Centre (KICC) in Nairobi, Kenya.

In a recent meeting, Mr. Abubakar Hassan, PS Investment Promotion, engaged in discussions with Ms. Annette Ssemuwemba Mutaawe, the Deputy Secretary General of Customs, Trade, and Monetary Affairs at the East African Community (EAC). The meeting centered on several key topics aimed at enhancing economic cooperation and investment facilitation within the region.

The key points discussed during the meeting included:

    1. Customs Regime under EAC Customs Union

    2. Kenya-UK EPA (Economic Partnership Agreement)

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.