Yesterday morning, the European Union Delegation to Kenya along with EU Trade and Economic Counsellors took the opportunity to visit the impressive Kenya Investment Authority (KenInvest) One Stop Centre for investors which has been established with the support of the Irish Embassy over the last two years.
The Once Stop Centre provides a wide range of pre-investment facilitation services including:
- Assistance in obtaining any necessary licenses and permits
- Assisting in obtaining incentives or exemptions under the Income Tax Act, the Customs and Excise Act, the Value Added Tax Act or other legislation
- Providing information to investors on the business climate, operating rules, investment opportunities and sources of capital
- Liaison with other government agencies for the issuance of additional licenses and approvals not directly handled by the Authority
Speaking about the visit, Irish Ambassador Dr Vincent O’Neill said it is “excellent that international partners are now engaging with overseas investors and international businesses wanting to invest in Kenya Vision 2030 and the Big Four Agenda.”
KenInvest is a statutory body established in 2004 through an Act of Parliament (Investment Promotion Act No. 6 of 2004) with the main objective of promoting investments in Kenya. It is responsible for facilitating the implementation of new investment projects, providing After Care services for new and existing investments, as well as organizing investment promotion activities both locally and internationally.