The Kenya Investment Authority (KenInvest) and the County Economic Blocs (CEBs) on Friday evening signed a collaboration partnership agreement that not only seeks to accelerate counties’ investments but also give a close working relationship.
Lake Region Economic Bloc(LREB), North Rift Economic Bloc (NOREB), Frontier Counties Development Council(FCDC),Jumuia Ya Kaunti za Pwani, South Eastern Kenya Economic Bloc(SEKEB)and Mount Kenya and Abardares Region Economic Bloc signed the agreement.
According to North Rift Economic Bloc(Noreb) chair Stephen Sang, the agreement will position all the counties as economic hubs.
Sang challenged CEOs from across the Blocs to work with the KenInvest in readiness for investment opportunities that will steer economic development in the counties.
He further requested KenInvest to help counties in looking for investors who will invest in the upcoming County Aggregation and Industrial Parks (CAIPs).
Hassan Abubakar PS Investment Promotion who was also present said his docket is ready to ensure that KenInvest and the blocs achieve the objective of the partnership to solve the unlimited promotion of investment.
KenInvest Acting Managing Director June Chepkemei noted that the move is the beginning of national transformation adding that KenInvest and the blocs must grow their own investments.
“Our country is attractive but we are not landing any investors because we don’t have any ready projects to attract our investors”
“…there’s huge potential in our counties if we can build synergies.The hindrance has been investment efforts that are disjointed, a facilitative framework which if can be worked on can realize a joint investor mobilization” said Chepkemei
KenInvest has supported at least 178 projects across the nation with an effort of growing investments and build economies.
Governors Ken Lusaka(Bungoma), Andrew Mwadime(Taita Taveta)Mutahi Kahiga(Nyeri), Godhana Dhadho Gaddae (Tana River), various Deputy Governors, Uasin Gishu CECMs Martha Cheruto (Trade and Cooperatives) and Micah Rogony(Finance) were among dignitaries present.