Ken invest

NORTH RIFT INVESTMENT CONFERENCE, 2011

Kenya Investment Authority

Gulab Lochab, Eldoret

JULIUS KORIRAg. MANAGING DIRECTOR

www.investmentkenya.com

Outline Who we are Role of Kenya Investment Authority Role Kenya Investment in County Development North Rift Investment Forum (NORIC) and its

objectives Investment Opportunities in North Rift Investment facilitation and Incentives Challenges Next steps


Mandate of Kenya Investment Authority

Promote investment both by local and foreign investors

Facilitate project implementation Research and policy advocacy and aftercare

services and business development


KenInvest Vision and Mission

Vision

To be a world class agency in marketing Kenya as the first choice investment destination

Mission

To provide exceptional services to attract, facilitate and retain investments in Kenya


Role of KenInvest

Policy Advocacy

Investment Promotion

Investment Facilitation

Investor Tracking

After Care Services


KenInvest and County Development

Past regional investment forums organised by KenInvest include;– Western Province Investment Conference (WEPIC), – Coast Province Investment Conference (COPIC)– Central Province Investment Conference, – South Eastern Investment Conference (SEICO)

North Rift Investment Conference (NORIC)

…showcase investment opportunities in Counties and regions


Objectives of the Conference

To highlight the Investment opportunities in North Rift Counties

To share views on how best the local entrepreneurs can make use of the natural endowments in the Region areas and thus reduce poverty

To create enthusiasm and empower local entrepreneurs to seize the opportunities

To provide networking opportunities

…seek to make North Rift a key player in the realisation of Kenya Vision 2030 goals


North Rift Counties Uasin Gishu County Nandi County Baringo County Turkana County Pokot County Trans Nzoia County Elgeyo/Marakwet County


Investment Opportunities Agri-business Dairy Farming Hospitality Livestock farming Real Estate Mining Horticultural farming Bee Keeping Wholesale & Retail amongst others


Investment Procedures

Registration of the

business

Submit applications for

approval to KenInvest

Approval based on security, health and

environmental requirements

Approval granted within 21 days from date of application

Issuance of Investment

Certificate by KenInvest


Investment Incentives

100 to 150% investment allowance Capital goods are zero rated Duty exemption and VAT waiver for machinery

and equipment


Challenges

The North Rift region has a lot of untapped resources

Full economic potential of the region is far from being exploited despite its ideal position as national economic and cultural hub

The richness in resources has not been put to use to translate into economic gains

Urbanization has been gradual

Investment has been seen as the preserve of the rich, affluent and others…..


Next Steps after today’s Forum

An action plan for follow up to be developed

Profile potential investment projects for promotion to potential investors

Develop promotional strategies to ensure participation by locals as well as non-residents in developing the Region through investing


Our ContactsKENYA INVESTMENT AUTHORITYKenya Railways HQ, 4th FloorWorkshops Road, Off Haille Sellasie AvenueP. O. Box 55704 – 00200 City SquareTel: (254) 020 221401- 4Fax: (254) 020 243862

Email: [email protected] Website: www.investmentkenya.com

mailto:[email protected]

http://www.ugandainvest.com/


THANK YOU

Ken invest

Investor Relations

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