Investment Climate
1. Macroeconomic stability
Kenya is the third largest economy in Sub-Saharan Africa. Kenya's economy is projected to grow by 5.5 percent in 2023 and above 6.0 percent over the medium term. The Government's Bottom-Up Economic Transformation Agenda will reinforce this growth, which is geared toward an economic turnaround and inclusive growth. The economic stability will boost the investment climate in the country.
2. Infrastructural development
Kenya has a well-developed physical infrastructural facility including, four international airports, an extensive road and railway network, a modern deep sea port at Mombasa and Lamu capable of handling liquidbulk and other containerized cargo, an expanding, liberalized energy sector, and digital telecommunication.
3. Science, Technology, and Innovation (STI)
Science, Technology, and Innovation(STI) is very key in raising investment across all the sectors, the following programmes are been implemented;
- County Technology and Innovations Delivery Services
- Coordination of the Technology, Innovation, and Commercialization
- Science, Technology, Engineering, and Mathematics (STEM)
- Energy Technologies
- Nano-Sciences, Material Science, and New Production Technologies
- STI Performance Management Framework
- Enhancing Science, Technology, and Innovation Awareness
- Intensification of Innovation in Priority Sectors
4. Availability of highly skilled human resource
In Kenya, the proportion of the youth (18-34 years), constitutes 25%. The youthful skilled population economically implies, there are lots of potential workers for the future in various areas of investment and a wider market for goods meant for the youth. The flexibility and adaptability to high technological changes will easily make the goods and services produced locally highly competitive. This in turn will act as an enabler for investment because of the availability of skilled affordable labour.
5. Improved governance.
Kenya enjoys a stable political environment and investors are guaranteed repatriation of capital and profits, constitutional protection against expropriation, and investment guarantee against non-commercial risks: ICSID, MIGA, and ATIA.