Why Invest in Kenya
Kenya is the largest and the most advanced economy in East and Central Africa; with strong growth prospects supported by an emerging, urban middle class and an increasing appetite for high-value goods and services.
Kenya enjoys a stable macroeconomic environment. The government operates sound macroeconomic policies that promote growth by providing a more secure environment for private-sector investment decisions.
Political stability and supportive legal environment
Kenya is a multi-party Democracy with a unicameral Parliament which creates laws which are administered by the Executive arm of the Government. The Kenyan Constitution protects private property and provides safeguards against the expropriation of such property without compensation. Kenya is also a signatory to the Multilateral Investment Guarantee Agency (MIGA), an agency of the World Bank and a Member of the International Council of Settlement of Investment Disputes (ICSID). In case of Commercial disputes, Kenya has a Commercial Court under the Kenyan Judiciary.
A skilled and educated talent pool
Kenya has a huge pool of labour force and is one of the best educated in the world, English-speaking and extremely adaptable. Qualified professional staff can be hired at reasonable pay scales, in all occupations and at all levels of expertise.
Kenya’s membership to regional economic blocs coupled with her strategic geographic position makes the country the gateway to the large East African Community (EAC) market with over 135 million people and the Common Market for Eastern and Southern Africa (COMESA) with over 450 million people.
Kenya is a beneficiary of several trade preferential arrangements which include The African Growth and Opportunities Act (AGOA) which allows for quota-free and duty-free access to the USA market for over 6,000 items produced in Kenya and The new Africa Caribbean and Pacific-European Union (ACP-EU) Economic Partnership Agreement (EPA) which gives duty-free access to the EU among others.
Well-established private sector
Kenya’s private sector is substantial and includes several foreign investors.
Key players in voicing private-sector concerns include the Kenya Private Sector Alliance (KEPSA), the Federation of Kenya Employers (FKE) and the Kenya Association of Manufacturers (KAM).