Ministry of Investments, Trade and Industry has announced that it will establish a special desk to address the concerns of investors in Kenya.
Dubbed "Karibu desk", it is expected to support local start-ups and established businesses as from 2024.
Investment, Trade and Industry Cabinet Secretary Rebecca Miano said the desk will be a 'listening ear' to the local investors besides offering collaborations and trade linkages.
"The government's ultimate desire is to extend deliberate support to local enterprises so that they can prosper and become internationally recognised and respected," said Miano.
She added that the ministry's intentions was not only to spur international trade, but also work with local manufacturers as part of the government's plan to grow the economy.
"We will ensure that the desk grows progressively to offer financial solutions to our traders," she said.
Mid this year, President William Ruto promised that his government will pursue policies that spur investments in the country.
The President noted that his administration was keen on protecting and redeeming the confidence of investors.
“Government policy will be informed by how it benefits the locals,” said Ruto.
The move comes at a time that Kenyan investors have raised concerns over what they term as overtaxing by the government.
Last week, the government through the State Department for Industry, revealed that it is seeking for more investors in the textile industry, to drive local production while creating more jobs for its citizens.
“The investments will come in handy with the government’s plan to increase cotton production from the 40,000 acres record this year, to about 100,000 acres next year, and hopefully hit the 400,000 acres mark in the next three years,” said Industry PS Juma Mukhwana.