KEPSA joined other stakeholders in the Investment Promotion and Facilitation Bill validation workshop, 2024 held on 16^th May 2024 in Nairobi. Organised by the Kenya Investment Authority (KenInvest), the forum focused on validating the input received (orally/written) from stakeholders during the previous public participation fora.

During the forum, Ms. Sally N. Mahihu – Chairperson, KenInvest Board highlighted that the legislation proposes the establishment of a digital one-start-one-go for investment facilitation, which will provide a streamlined and efficient process and an enhanced investment climate.

KEPSA's recommendation on the review of the capital threshold was adopted as the second draft removes the initial cap of USD 500,000 for foreign and KES 5,000,000 local investors for issuance of an Investment Registration Certificate. The issuance of the certificate will be based on the sector or industry threshold determined by the Board through a gazette notice.

Notably, the second draft omits the chapter on The Investment, Trade and Industry Tribunal chapter, posing questions on the process of dispute resolution. The following input posed for adoption in the first draft still remains unadopted;

• The interphase between the national and county governments on investment matters was missing in the Bill.
• The incentive framework on what a certificate of investment would encompass was also scanty in the draft bill.

In conclusion, stakeholders were invited to provide any further feedback and suggestions to enrich the final draft of the Bill to ensure upon its enactment it would meet the needs of the business community and align with Kenya’s economic goals​.