KenInvest and KEPSA Partner to Unlock Kenya’s Private Sector Potential and Boost Investment Climate

By  |  January 24, 2025

The Kenya Investment Authority (KenInvest) and the Kenya Private Sector Alliance (KEPSA) have launched a landmark multi-agency partnership aimed at transforming Kenya’s business environment.

This collaboration brings together key government agencies and private sector stakeholders to streamline investment processes, advocate for policies that attract investors, and position Kenya as a premier destination for sustainable investment.

The approach acknowledges the vital role of a thriving private sector in accelerating economic growth and job creation.

According to the World Bank, the private sector remains a critical pillar of Kenya’s economy, accounting for over 80% of the country’s GDP and 70% of formal employment. 

Recognizing the critical role of a thriving private sector, the partnership aims to foster stronger collaboration between public and private entities. By aligning efforts, the initiative seeks to foster a mutually beneficial relationship that addresses key development challenges while creating a conducive environment for business growth.

Speaking at the launch event, John Mwendwa, CEO of KenInvest, highlighted the strategic significance of this partnership. “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,” he said.

KEPSA CEO Caroline Kariuki echoed this sentiment, noting, “This partnership highlights the power of collaboration in unlocking the private sector’s potential to drive Kenya’s economic growth.”

KenInvest, established under the Ministry of Investment, Trade, and Industry, is a statutory body mandated to promote investment in Kenya. Its core responsibilities include facilitating new investment projects, providing after-care services for existing investments, and promoting Kenya as a vibrant investment destination locally and internationally.

Meanwhile, KEPSA, serves as the umbrella body for the private sector in Kenya, bringing together a diverse network of business associations, chambers of commerce, professional organizations, and individual companies. The body plays a pivotal role in advocating for policies that enhance the business environment.

Through its collaboration, KenInvest aims to tap into KEPSA’s extensive network of businesses and industries to attract investments aligned with Kenya’s Vision 2030 and the United Nations Sustainable Development Goals (SDGs).

By combining KenInvest’s expertise in facilitating investments with KEPSA’s advocacy for improved business policies, the collaboration seeks to establish Kenya as a more competitive and attractive hub for investors.

With a focus on sustainable growth and long-term impact, this multi-agency partnership collaboration sets the stage to drive Kenya’s economic development while solidifying its reputation as a leading destination for investment opportunities.

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