Invest in Kenya
Global firms are looking to make Kenya the pivot of their continent-wide operations as they race to be part of Africa’s growth story. Nairobi, Kenya’s capital city is fast becoming the African home of choice for multinational companies, especially those in the services sector, looking to grow their presence on the continent. In last 5 years, global heavyweights in the service industry such as IBM, Google, PwC, advertising agency WPP, Bharti Airtel, Nokia/Siemens, Huawei, Procter & Gamble, Biersdoff, Barclays and Stanchart have announced plans to either set up regional hubs in Nairobi, or transform their Nairobi based local operations to serve sub-Sahara Africa.
Reasons to invest in Kenya include:
- Strong democracy and political stability.
- The Communication Hub
- Kenya is the economic, diplomatic hub of the East & Central Africa region.
- Liberalized and diversified strong economy.
- Kenya’s economic blue print, Vision 2030, is intended to transform Kenya into a middle income country by the year 2030.
- Unlimited opportunities for investment across sectors and different counties.
- Skilled labour force and culture of entrepreneurship and innovation.
- Proven returns on investment and competitive cost of production.
- Well established & vibrant private sector.
- Strong presence of leading multinational firms.
- A wide range of suitable tax treaties, trade and investment agreements.
- Membership to the Multilateral Investment Guarantee Agency (MIGA), International Centre for the Settlement of Investment Disputes (ICSID) and Africa Trade Insurance Agency (ATIA).
- Relatively well established social and physical infrastructure.
- Presence of institutions and structures for continuous improvement of business environment, including Quarterly Presidential Roundtables and Committees.
- Compelling tourist proposition making it possible to combine business and leisure.
- A great place to live and work.
- Kenya is a sizeable local market of over 43 million people and growing at about 2.7 % annually.
- East African Community (EAC) has an estimated population of 140 million people across five states (Kenya, Burundi, Rwanda, Tanzania & Uganda) backed by a Customs Union and a Common Market Protocol.
- Common Market for Eastern and Southern Africa (COMESA) comprises of 20 member states with a population of over 440 million.
- Tripartite Free Trade Area (FTA) between EAC, COMESA and SADC has been signed and offers a market of 600 million people.
- African Growth and Opportunity Act (AGOA) allow duty and quota-free access to the US market for over 6000 products
- Economic Partnership Agreement (EPA) with European Community provides preferential access to a larger EU market.
- Generalized System of Preferences (GSP) provides access to various markets in the developed world and offers preferential treatment with a wide range of products.
For detailed information on doing business/investing in the country log on to; Kenya Investment Authority