On 12^th October 2023, KEPSA participated in a roundtable on Foreign Direct Investment (FDI) as a Source for Economic Growth that was held in Nairobi. Hosted by the Kenya Institute for Public Policy Research and Analysis (KIPPRA), the forum discussed the role of trade agreements in attracting FDI, the impact of trade and investment policies on FDI and the effect of FDI on industrialization in Kenya. KEPSA was represented by Mr Jeremiah Kiplagat – Policy Research & Analysis.

Kenya has traditionally been one of the largest recipients of FDI in Africa. The country's total stock of FDI between 2015 and 2021 was $10.4 billion, with finance and insurance accounting for over 33% of total FDI stock, followed by information and communications at 16.1%, wholesale and retail at 15.4%, and manufacturing industries at 14.8%. However, according to a presentation by Dr John Karanja – KIPPRA, Kenya is at second last position after DR Congo.

During the plenary session, participants pointed out areas to be addressed to boost FDI among them putting in place single licensing systems; reducing the long duration of business permit acquisition; and implementing private sector policies that promote a conducive business environment; promote a stable political environment.

While highlighting the private sector's role in advancing the government's objective of fostering foreign investments in Kenya, Mr Kiplagat elaborated on KEPSA's multifaceted approach, which encompasses strategic partnerships and collaborations, job creation, policy advocacy, skills development, and the promotion of FDI. He also noted that KEPSA's unwavering commitment to the nation's economic progress and its instrumental role in synergizing efforts between the private sector and the government couldn't be overstated.

The roundtable drew participation from the Kenya Investment Authority, Kenya Revenue Authority (KRA), State Department of Trade, Kenya National Chamber of Commerce and Industry (KNCCI), and Kenya Association of Manufacturers (KAM), among others.