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New rules to allow more foreign direct investment in Kenya

Published on August 17, 2016

The Government of Kenya has ratified new rules allowing foreign direct investment (FDI) in the establishment of special economic zones (SEZ), where products will be manufactured for the export market.

In a Kenya Gazette notice, Industry Trade and Co-operatives Cabinet Secretary Adan Mohamed said county governments were also at liberty to allocate land to any local or foreign investor planning to put up an SEZ.

The identified facilities will also enjoy a one-stop regulatory regime manned by officers from the Special Economic Zones Authority (SEZA) who will help foreign investors acquire all documentation that will allow them to launch their operations within the shortest possible time. Read more. Source | Daily Nation