Launched Investment Promotion Strategic Plan for 2023-2027
01 Sep 2023
On 1 September 2023, Kenya launched the Investment Promotion Strategic Plan for 2023-2027. The Strategic Plan aims to position Kenya as the premier investment destination in Africa by enhancing the business environment and attracting both local and foreign investments. The Plan outlines a comprehensive framework with seven key result areas (KRAs), including reforms in the business and investment climate, development of economic zones, and investor relationship management. A significant focus is placed on creating a conducive and competitive atmosphere for sustainable economic transformation. The strategic objectives are supported by a detailed implementation matrix that specifies activities, timelines, responsible parties, and associated costs.
To achieve its vision, the Plan emphasizes stakeholder engagement and the development of an investor-centric culture. It aligns with broader national goals such as the Kenya Vision 2030 and incorporates lessons from past investment strategies. The Strategic Plan also highlights the importance of operational efficiency and institutional capacity development to ensure effective implementation. By addressing the challenges identified in previous reports, this Plan seeks to foster a robust investment ecosystem that can attract significant FDI and contribute to Kenya's economic growth.
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Promotion and facilitation (Investment facilitation )
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