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Underfunding and red tape stifle key State agency

Investment Promotion PS Abubakar Hassan (centre), KenInvest Chairperson Sally Mahihu (right) and Managing Director June Chepkemei. [Edward Kiplimo, Standard]

Bureaucracy associated with decision-making in State agencies, inadequate funding and brain drain are some of the factors holding back a government investment promotion agency from achieving its goals.

Kenya Investment Authority (KenInvest) has also noted in its 2023-2027 strategic plan that a proposal to merge it with other State agencies and departments could prove a major handicap in delivering its mandate.

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