The Office of the Deputy Chief of Staff (DCoS), Performance and Delivery Management this morning held a briefing with the Ministry of Investment, Trade and Industry in Nairobi where the ministry shared significant achievements aligned with the Government’s Bottom-Up
Economic Transformation Agenda (BETA).
Speaking during the briefing Eliud Owalo deputy chief of staff perfomance and delivery has said government is in the process of constructing 19 CAIPS across the country whose main objective is to grow manufacturing and investments through agro-industries.The government has recorded increase of exports from KShs 871 billion in 2022 to 1,008 billion i2024, an increase of 136.9 billion (15% increase).
Kenya and EU signed an Economic Partnership Agreement, which secured permanent
market access to the 27 country, €18 Trillion European Union export market. Kenyan
goods can now be exported to the EU without tariffs and without restrictions on quantities.
Through The Kenya - UAE Economic Partnership A
The FDI Intelligence ranked Kenya as the Number 1 Country in Africa in 2024 with the greatest Investment Momentum, whereas the Africa Investment Report and Africa Big Deals Report ranked Kenya Number One in Africa in 2023 on Start Up Funding.
The country has attracted increased Foreign Direct Investments (FDIs) which have
increased from USD 759 million in 2022 to USD 1,504 million in 2024, an increase of USD
745 million (98% rise). Similarly, Domestic Direct Investments (DDIs) have also increased
from KShs 380 billion in 2022 to KShs 480 billion in 2024 representing an increase of
KShs 100 billion (26% rise).
According to the score card EPZs have attracted KShs 150.7 billion in investments up from KShs 125.85 billion in 2022, an increase of KShs 24.85 billion (19.7% rise).Enterprises licensed to invest in gazetted EPZs have grown by 29% from 148
in 2022 to 177 in 2024, representing an increase of 20%.Special Economic Zones (SEZs)
The Ministry has operationalized 2 public SEZs (Naivasha SEZ and Dongo Kundu SEZ) and 10 private SEZs all of which are ready for investor entry.
Enterprises licensed to invest in gazettes SEZs have grown by 36 from 24 in 2022 to 60 Textile and Apparel Value Chain Development
In order to enhance value addition in the textile and apparels sub sector, increase production of locally manufactured fabrics and garments and increase exports in the sector, the Ministry commits to developing Cotton, Textile and apparels Policy Implementation of the Local Content’s Buy Kenya Build Kenya.
The Ministry has committed to coordinate implementation of the buy Kenya build Kenya
initiative by Update and publish the Procurement Master Roll of 2021,Coordinate and track Procurement of uniforms and shoes for the disciplined Forces from local manufacturers
and Coordination and tracking Procurement of health products and technologies by
KEMSA from local manufacturers.
