Kenya woos investors with single info platform

FROM LEFT: KenInvest MD Dr Moses Ikiara, US Ambassador to Kenya Robert Godec, Ms Anne Kirima, Chairperson KenInvest and Dr Mukhisa Kituyi, Secretary General of UNCTAD during the launch of Kenya’s E-regulations Portal

NAIROBI: Current and prospective investors can now get information on Kenya’s investment rules and procedures on a single platform. The eRegulations platform, launched on Friday evening by Kenya Investment Authority (KenInvest) and United Nations Conference on Trade and Development (UNCTAD), aims at facilitating investment as the country seeks to enhance the ease of doing business.

Speaking during the event, UNCTAD Secretary General Mukhisa Kituyi lauded the idea as one that will go a long way in eliminating unnecessary bureaucracy that has stood in the way of prospective investors. “This system shows it is possible to improve administrative procedures without changing laws. Just simplifying and clarifying what already exists at the level of procedures and implementation will lead to better services,” said Dr Kituyi.