Kenya Private Sector Alliance (KEPSA) and the Kenya Investment Authority (KenInvest) have formalized a Cooperation Agreement. This strategic alliance is set to boost investment opportunities in Kenya and foster economic growth across the nation.
The agreement was officially signed on 3rd April 2025 in Nairobi by KEPSA’s Chief Executive Officer, Ms. Carole Kariuki, and KenInvest’s CEO, Mr. John Mwendwa. This collaboration is designed to establish a robust framework for closer cooperation between the two institutions, aiming to strengthen economic, technological, and investment relations.
The partnership is built on several key objectives aimed at strengthening Kenya’s investment climate. At its core, the agreement seeks to enhance cooperation by fostering closer ties that will drive economic, technological, and investment collaborations.
It also prioritizes the exchange of critical economic and commercial intelligence within legal frameworks to inform investors and policymakers. Additionally, the collaboration is expected to bolster bilateral investment relations, ensuring a more coordinated approach to attracting and retaining investors.
A significant focus will also be on promoting investments through targeted initiatives and activities that deepen economic engagement, positioning Kenya as a more attractive destination for both local and foreign investors.
Ms. Kariuki emphasized the significance of this alliance, stating, “Today’s signing of the Cooperation Agreement between KEPSA and KenInvest is more than just a formal commitment; it is a testament to our shared vision and dedication to driving sustainable investments.”
To achieve these objectives, KEPSA and KenInvest will focus on key strategic areas designed to enhance Kenya’s investment landscape. A major priority is investment promotion, with both organizations set to launch joint initiatives aimed at attracting and retaining investors.
These efforts will include organizing investment forums, trade delegations, networking events, and exhibitions to showcase Kenya’s diverse economic opportunities. Additionally, the partnership will drive policy advocacy and improvements in the business environment by streamlining regulations, reducing investment barriers, and fostering a more transparent and predictable framework for investors.
This will be achieved through joint policy engagements, regulatory reforms, and ongoing public-private dialogues. Another critical area of focus is the implementation of the KEPSA Market Intelligence Hub and the Kenya Investment Single Window, platforms designed to enhance investment facilitation and support informed decision-making.
Through data sharing, investor support, stakeholder engagement, capacity building, and system integration, these tools will provide a more efficient and coordinated approach to managing investments in Kenya.
Speaking during the meeting, John Mwendwa, CEO for KenInvest highlighted the importance of this collaboration, remarking, “This partnership marks a significant step towards creating a more competitive and attractive investment destination in Kenya. By working closely with KEPSA and other key stakeholders, we are confident that we can unlock the full potential of the private sector and drive sustainable economic development.”
The signing of this cooperation agreement represents a significant stride towards a more unified and effective strategy for investment promotion and overall economic advancement in Kenya. Both KEPSA and KenInvest are dedicated to a close working relationship to realize the agreed areas of cooperation and contribute substantively to the nation’s economic transformation.
This partnership aligns with Kenya’s broader economic objectives, including enhancing the ease of doing business, attracting foreign direct investment, and fostering a conducive environment for both local and international investors. The collaborative efforts are expected to streamline investment processes, reduce bureaucratic hurdles, and create a more predictable regulatory environment, thereby boosting investor confidence.
Moreover, the focus on policy advocacy and business environment enhancements is anticipated to lead to significant improvements in Kenya’s global competitiveness rankings. By addressing regulatory challenges and promoting transparency, the partnership aims to position Kenya as a premier investment destination in Africa.
The private sector plays a crucial role in Kenya’s economic development, contributing significantly to employment creation, innovation, and overall economic growth. This partnership underscores the importance of public-private collaborations in driving the country’s economic agenda.
KEPSA, as the apex body of the private sector in Kenya, brings together various business associations, chambers of commerce, professional bodies, corporates, and multinational companies. Its collaboration with KenInvest is expected to leverage the strengths of both entities to boost investment opportunities in Kenya and also create a more dynamic and investor-friendly economic environment.
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