Kenya Private Sector Alliance (KEPSA) and Kenya Investment Authority (KenInvest) on Thursday entered an agreement to enhance Kenya’s business climate.
Through the use of key government organisations and private sector players, this strategic alliance will expedite the investment process, work together to support business-friendly laws, and market Kenya as a top investment destination.
KEPSA was led by CEO Carole Kariuki, Vice Chair Brenda Mbathi and James Mureu, the Chair of the Economic Diplomacy Sector Board, while the KenInvest team was led by the CEO, Mr John Mwendwa, in a meeting at the KenInvest Nairobi office.
Importance of public-private partnerships to boost economic growth and job creation
This partnership between the two organisations recognises how important a healthy private sector is to boosting economic expansion and job creation.
It seeks to develop more robust collaborations between public and private organisations, promoting a win-win strategy.
Speaking during the meeting, John Mwendwa, CEO of KenInvest said, “This partnership marks a significant step towards creating a more competitive and attractive investment destination in Kenya.”
He further added that “by working closely with KEPSA and other key stakeholders, we are confident that we can unlock the full potential of the private sector and drive sustainable economic development.”
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Power of collaboration in unlocking the private sector’s potential to drive Kenya’s economic growth
On her part, Ms. Carole Kariuki, CEO of KEPSA, said, “This partnership highlights the power of collaboration in unlocking the private sector’s potential to drive Kenya’s economic growth.”
She adds, “At KEPSA, we remain dedicated to fostering such partnerships to create a competitive business environment and position Kenya as a leading destination for sustainable investment.”
Both organisations’ renewed dedication to collaborating is a reflection of their common goal of maximising the private sector’s potential to promote sustainable growth and job creation.
This program lays the groundwork for Kenya’s economy to become more prosperous and competitive.