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KEPSA AND IFC TO CATALYZE INVESTMENT THROUGH SECTOR-FOCUSED STAKEHOLDER ENGAGEMENTS
- Published On: 2025-04-07
In a high-level meeting between the Kenya Private Sector Alliance (KEPSA) and the International Finance Corporation (IFC), leaders from both institutions explored collaborative strategies to enhance Kenya’s investment climate amid global economic shifts. KEPSA CEO Ms. Carole Kariuki and IFC’s Principal Country Officer Ms. Gillian Rodgers led discussions that underscored the urgency of leveraging Kenya’s competitive tariff advantages and emerging opportunities under the AfCFTA framework.
Key proposals included establishing a joint reform-focused unit—modeled after the former Ease of Doing Business initiative—to fast-track sectoral reforms, and introducing regular bi-monthly or quarterly updates on global investment trends tailored to Kenya’s economic landscape.
The two parties also discussed enhancing cooperation on Special Economic Zones (SEZs), with a shared vision of transforming them into integrated economic ecosystems. Additional areas of collaboration include e-mobility, investment governance, and potential engagement through the Kenya Jobs and Economic Transformation (KJET) project. It was agreed that KEPSA, IFC, and KenInvest would co-host stakeholder engagements targeting priority sectors such as SEZs, agriculture, and public-private partnerships (PPPs), to drive inclusive and sustainable investment in Kenya.