Kenya Investment Authority (KenInvest) and the County Economic Blocs (CEBs) halve entered into an agreement that see counties accelerate investments plans in the various blocs.
Led by the North Rift Economic Bloc (NOREB), the arrangement will see the regional blocs get a framework that allows the economic blocs work with the investment authority and the member counties.
Other regional blocs present during the launch were Lake Region Economic Bloc (LREB), 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.
Speaking during the function, the North Rift Economic Bloc (NOREB) Chair Stephen Sang said the agreement will position all the counties as economic hubs.
The Chair challenged Bloc CEOs to work with KenInvest in identifying investment opportunities that will steer economic development in the counties.
He further requested KenInvest to conne counties with 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 begining 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 atleast 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.