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Kenya to open one-stop investor service shop in June

Xinhua, February 19, 2016 Adjust font size:

Kenya will open a one-stop investment shop in June to eliminate challenges foreign investors face when registering or doing business in the country, officials said on Thursday.

Kenya Investment Authority (KenInvest) Managing Director Moses Ikiara told journalists in Nairobi that all systems have been put in place after the government passed the proposal.

"The ease of doing business in Kenya has drastically improved as can be ascertained by the World Bank index which ranked us 108 down from 138 in 2015. Our next target is now below index 100," Ikiara said.

"When it is up and running, investors will be issued with whatever document they require to transact business in the country," Ikiara added.

The one-stop shop is expected to address complaints from investors in the past who have lamented about the time-consuming red tape and bureaucracy attached to the issuance of licenses, permit and other vital documentation from several state agencies operating from diverse offices.

KenInvest is mandated with promoting investment opportunities in Kenya and is responsible for facilitating the implementation of new investment projects in the country. Enditem