Kenya High Commission
 in Botswana

About Kenya

Investing in Kenya

Kenya offers an appealing investment climate, and has laid the foundation for increased trade and investment. The Government has introduced a range of attractive fiscal, physical and procedural incentives to ensure lower cost operations, faster set up and smoother operations, while undertaking key policy and legislative reforms aimed at restoring investor confidence in the country. In this regard, the President has assented to an investment bill which significantly reduces the time it takes an investor to register a business in Kenya.

The Government is further addressing the issue of outdated company laws and regulations, which have been a major obstacle to effective management of companies. A Privatisation Bill which will provide a legal framework to guide the privatisation process in an open and transparent manner is also being prepared, and which will create an autonomous Privatisation Commission to manage the entire privatisation process in an open, transparent and accountable manner.

Investment

Why Invest in Kenya

Kenya is a desirable investment destination due to a number of key strengths that include

  • Excellent connectivity to major world-wide hubs and time zones that make it easy to work with most continents. Nairobi is the undisputed transportation hub of Eastern and Central Africa and the largest city between Cairo and Johannesburg. Also the Port of Mombasa is the most important deep-water port in the region capable of accommodating both small and large post-panama vessels, supplying the shipping needs of more than a dozen countries.
  • Has a deep pool of educated and skilled manpower that have made the country the manufacturing, commercial and financial hub in eastern and central Africa. Kenya has achieved almost universal free primary education with net enrolment rates of more than 92% and 73.3% primary to secondary school transition rates. Presently almost 200 thousand students are enrolled in Kenya's public Universities. A significant number of Kenyan student are also enrolled in local private universities and universities abroad.
  • Is a leading tourism, wildlife and safari destination. The tourism industry, already one of the most successful in the world, continues to expand.
  • A fully liberalized economy without exchange or price controls. There are no restrictions on domestic and foreign borrowing by residents and non-residents.
  • The government has established a Business Regulatory Reform Unit to identify unnecessary business licenses. Under the unit, the government is strengthening the legislative framework to create predictable and enabling business environment such as improving electronic filing of documents at the Lands Registry, the Companies Registry and other key agencies involved in business registration. All these efforts are aimed at reducing the cost of doing business and improve Kenya's Rating on Doing Business index, thus positioning our country as a preferred investment destination
  • The government has established an Electronic e-registry which lists information on all businesses. Under e-government, services such as tax returns and payment of custom duties can be done online.
  • The government has implemented results based management and performance contracting for all ministries and departments. This has enabled the public sector to be able to more effectively support private sector business and investment.
  • The most developed stock market in the Eastern and Central African region i.e. the Nairobi Stock Exchange (NSE) with market capitalization of about KShs 1.2 trillion ( approximately USD 14.6 Billion )
  • An attractive and comprehensive package of incentives offered to investors.
  • A strong and cooperative relationship between the government, the private sector and development partners make it conducive to attracting investments.
  • Membership to regional trading blocs of COMESA and the EAC, as well as a beneficiary country under the preferential trade enhancing schemes offered by the AGOA legislation of the USA and the ACP-EU Cooperation and various bilateral Cooperation agreements. The EAC market has a total population of 133 million and the 20 member countries of COMESA has a total population of 406 million US$ and a combined GDP of 735 billion US$ which offer important opportunities for business and joint ventures using Kenya as a spring board to access the larger region market.
  • Proximity to Eastern Africa and Central African market. These two have a land area larger than China and a population larger than that of the U.S.
  • A relatively well developed manufacturing base in the Eastern African region.
  • Potential for exploration and exploitation of mineral resources. Kenya's mineral resources though limited, are attractive and a potential source of valuable materials such as titanium. Kenya has recently discovered oil and other rare minerals in the country.
  • Favorable weather/Climate as well as attractive and diverse social/cultural environment.
  • A relatively well developed infrastructure.
  • Kenya is currently connected to the world through 3 optical fibre infrastructure connections greatly reducing data transfer costs while also increasing internet access.
  • Kenyan businesses encourage the use of mobile (cell) phones for doing business and telemarketing. Kenya is the world's market leader in mobile money where more than 80 percent of those with a cell phone also use "mobile money" or "M-PESA".
  • Fixed lines and wireless mobile lines are relatively inexpensive.
  • The electrical current in Kenya is 240 volts, 50 hertz (cycles per second).

Available Investment Opportunities

Key business and investment opportunities in Kenya include tourism, agriculture, and transport and infrastructure, manufacturing, communications, energy, building and construction and pharmaceuticals sectors. Specific areas of interest to business are ecotourism, power generation equipment, telecommunications equipment, agricultural inputs, food processing and packaging equipment, road construction, cement production, motor vehicles parts among others as enumerated below:

Investing
Physical Infrastructure

Kenya has adopted a policy of aggressively pursuing Public-Private Partnerships as one of the modalities for encouraging investment.
The development of physical infrastructure has not kept pace with the demands, however, the Government has taken measures to strengthen physical infrastructure including power, water supply, railways, ports and shipping, road transport, postal and telecommunications and air transport. These sectors have an important bearing on the cost of production, the efficiency of the supply chain and the competitiveness of the economy.

Ports and Railways
Power Generation
Water
Air Transport
Telecommunication
Manufacturing
Value-Addition
Micro and Small Enterprises
Housing & Roads
Financial Sector

For more Information Contact:

The Managing Director
Kenya Investment Authority
P.O. Box 55704-00200, NAIROBI, KENYA
Telephone: +254-020-2221401-4
Email: info@investmentkenya.com
Website: www.investmentkenya.com
Location: Kenya Railways Headquarters, Block D. 3rd Floor Haile Selassie Avenue

We call upon the private sector and our international development partners and investors to join Kenyans in building a prosperous economy, and to be part of a New Kenya, that is truly open for business.