The Ministry of Investment, Trade, and Industry has unveiled the Business Reforms Action Plan Development Committee to help improve Kenya’s global market standing.

The committee, led by Cabinet Secretary Rebeccca Miano and the Principal Secretary for Investment Promotion Abubakar Hassan, along with members from the private sector seeks to enhance local investment climate, fortifying de-risking measures, and streamlining investment coordination and facilitation. 

The initiative further aims to create a more dynamic and investor-friendly environment.

“Coming on the wake of the discontinuation of the World Bank Ease of Doing Business Reforms in 2021, the formation of this committee represents a decisive move by the Kenyan government to tackle and remove obstacles impeding both foreign and domestic direct investments,” Miano said.

The CS explained the Ruto administration’s commitment to revitalizing Kenya’s investment landscape, striving for a comprehensive transformation that assures a more welcoming and efficient environment for investors.

“This concerted effort signals a major leap towards not just overcoming the identified challenges of inadequate global positioning, sub-optimal investment climates, and fragmented investment facilitation but also leveraging these reforms to position Kenya as a magnet for investment, both regionally and globally,” Miano said.

She outlined measures to address challenges, including establishing a technical multi-agency business reform committee, adopting the World Bank Business Ready Programme, and crafting an actionable business reform plan to enhance Kenya’s global competitiveness.