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PROMOTION OF TRADE AND INVESTMENT
The Mission is responsible for the promotion of trade and investment between Kenya on the one hand and the countries of accreditation.
The mission endeavours to deepen the existing commercial relations between Kenya and these countries. It does so by establishing contacts between the respective business communities and the Chambers of Commerce in the concerned countries by way of organizing trade and investment workshops, holding of solo exhibitions and participating in national and international trade fairs and exhibitions that are held from time to time.
Capital Markets Authority (CMA)
Re-Insurance Plaza, Taifa Road
P.O. Box 74800, Nairobi, City Square, 00200 Kenya
Tel. 00254-2-22 19 10/22 1869, Fax: 00254-2-216681
Email: corporate@cma.or.ke
Website: http://www.cma.or.ke/
Capital Markets Authority was established in 1989 through the Capital Markets Authority Act, Cap 485 A (the CMA Act) to regulate and oversee the orderly development of Kenya's capital markets. The Authority ensures the development and maintenance of an appropriate legal and regulatory framework to boost investor confidence, enhance efficiency and to create and maintain a fair and orderly market. The Authority also reviews existing policies and makes recommendations to the Government on new policy issues that could promote and enhance market development. It also provides guidance to market operators.
Central Bank of Kenya (CBK)
Haile Selassie Avenue
P.O. Box 60000, Nairobi, City Square, 00200 Kenya
Tel. 00254-2-22 64 31/24 60 00, Fax: 00254-2-216945/340192
Email: info@centralbank.go.ke
Website: www.centralbank.go.ke
The Central Bank of Kenya (CBK) whose objectives are laid down in the Central Bank of Kenya (Amendment) Act of 1996, is charged with the formulation and implementation of monetary policy directed at achieving and maintaining stability in the general level of prices. CBK also fosters the liquidity and proper function of a stable market-based financial system. Additionally, CBK formulates and implements foreign exchange policy and holds and manages foreign exchange reserves; licenses and supervises authorized dealers in the money market; promotes the smooth operation of payments, clearing and settlement systems; acts as a banker and adviser to, and as fiscal agent of the government; and issues currency notes and coins. CBK publications include Monthly Economic Review, Central Bank of Kenya Quarterly Report, Central Bank of Kenya Annual Report, and Central Bank of Kenya Economic Report.
Export Processing Zones Authority (EPZA)
British American Centre, 2 nd Floor, Mara Road, Upper Hill,
P.O. Box 50563, Nairobi, City Square, 00200 Kenya
Tel. 00254-2-71 28 00-6, Fax: 00254-2-713704
Email: epzahq@africaonline.co.ke
Website: www.epzakenya.com
Branch Offices
Athi River Export Processing Zone
Tel. 00254-150-22 1 36, Fax: 00254-150-22 9 18
Mombasa Office
Tel. 00254-11-22 84 13
Kenya's Export Processing Zones programme was established in 1990 to provide an attractive investment opportunity for export-oriented business ventures within designated areas or zones, and is managed by the Export Processing Zones Authority (EPZA). The programme's objectives, which are also the criteria for project approval, are the increase in productive capital investment; generation of jobs; transfer of technology; development of forward and backward linkages; and diversification of export products and markets. The scheme offers a range of attractive incentives to ensure lower cost operations, faster set-up, smoother operations, and higher profitability through the establishment of an effective One-Stop-Shop service at the EPZ Authority to facilitate all stages of the investment process.
Export Promotion Council (EPC)
Anniversary Towers, 1 st Floor, University Way,
P.O. Box 40247, Nairobi, GPO, 00100 Kenya
Tel. 00254-2-22 85 34-8, Fax: 00254-2-22 85 39
Email: chiefexe@epc.or.ke or manager@cbik.or.ke
Website: www.cbik.or.ke
EPC is charged with the responsibility of promotion and development of the export markets. It was established in 1992 with the primary objective of assisting producers and exporters of goods and services to overcome bottlenecks and enhance the performance level of the export sector, formulation of market strategy and identification of export opportunities; as well as promoting an export culture and a national consensus to ensure sustainable national growth through exports. EPC works closely with relevant public and private sector bodies and co-ordinates and harmonizes export development and promotion activities among all stakeholders. The council fulfils its mandate through export market development; trade information, product development and adaptation; trade policy and facilitation; and development of exporting skills.
Federation of Kenya Employers (FKE)
Argwings Kodhek Road, Waajiri House,
P.O. Box 48311, Nairobi, GPO, 00100 Kenya
Tel. 00254-2-72 19 29, 72 19 48, 72 02 42, Fax: 00254-2-71 22 99/72 19 90
Email: fke@arcc.or.ke
FKE was registered under the Trade Unions Act in January, 1959 as an association representing the collective interests of employers. Its major objective is to harmonise and defend employers' interests and to raise the social consciousness of employers to enable them to realise the full potential of their enterprises by promoting increased labour productivity, sound management techniques, better industrial relations, fair labour practices, effective work organisation and staff motivation.
Fresh Produce Exporters Association of Kenya (FPEAK)
Kabarnet Road, of Ngong Road,
P.O. Box 40312, Nairobi, GPO, 00100 Kenya
Tel. 00254-2-56 13 04/56 41 70, Fax: 00254-2-56 41 71
Email: fpeak@wanainchi.com
FPEAK was founded in 1975 to cater for the needs of Kenyan exporters of horticultural produce. It provides market intelligence, export promotion, technical support and training services for exporters and their staff as well as negotiating favourable terms for provision of goods and services to the industry.
Kenya Association of Manufacturers (KAM)
Peponi Road, Westlands,
P.O. Box 30225, Nairobi, GPO, 00100 Kenya
Tel. 00254-2-74 60 05/7, Fax: 00254-2-74 60 28/30
Email: kam@africaonline.co.ke
KAM is a representative organisation of industrialists. It was constituted as a corporate body in 1959 to bring together industrialists with the aim of encouraging investment and development of industrial potential in Kenya.
Kenya Industrial Property Office (KIPO)
Weights and Measures Building, Kapiti Road, off Mombasa Road,
P.O. Box 51648, Nairobi, GPO, 00100 Kenya
Tel. 00254-2-60 22 11, 60 63 26, Fax: 00254-2-60 63 12
Email: kipi@swiftkenya.com
KIPO was established in 1989 to promote inventive, innovative activities and to facilitate the acquisition of technology through grant, regulation of patents, utility models, industrial designs and rationalisation models.
Kenya National Chamber of Commerce and Industry (KNCCI)
Ufanisi House, Haile Selassie Avenue,
P.O. Box 47024, Nairobi, GPO, 00100 Kenya
Tel. 00254-2-22 08 66/7, Fax: 00254-2-34 06 64
KNCCI is a national organisation with branches throughout Kenya. It was established in 1965 and its membership includes industrial, commercial and service organisations.
Nairobi Stock Exchange (NSE)
Nation Centre, 1 st Floor, Kimathi Street,
P.O. Box 43633, Nairobi, GPO, 00100 Kenya
Tel. 00254-2-23 06 92, Fax: 00254-2-22 42 00
Email: nseinfo@nse.co.ke
Website: www.nse.co.ke
In Kenya, dealing in shares and stocks started in the 1920s when the country was still a British colony. In 1991 NSE was registered under the companies Act and phased out the "call over" trading system in favour of the floor based open outcry system. The privatisation of the Kenya Airways was the largest share issue in the history of the NSE. The government has expanded the scope for foreign investment by introducing incentives for capital markets growth including the setting up of tax free venture capital funds, removal of Capital Gains Tax on Insurance Companies Investments, allowance of beneficial ownership by foreigners in local stockbrokers and fund managers and the envisaged licensing of dealing firms to improve market liquidity.
The Eastern Africa Association (EAA)
Jubilee Insurance House, 3 rd Floor, Room 324, Wabera Street,
P.O. Box 41272, Nairobi, GPO, 00100 Kenya
Tel./Fax: 00254-2-21 83 17
Email: eaa@africaonline.co.ke
Website:
The Eastern Africa Association was established in 1964 to facilitate participation in the economic development of Eastern Africa and the Indian Ocean region by overseas firms, companies and individuals to the mutual benefit of the countries and member companies concerned. Members include companies from United Kingdom, United States of America, South Africa and India. The Association acts as a channel of communication between overseas business and Governments. It interprets to its members the policies and objectives of governments and, in turn, explains to governments the views and needs of overseas investors, prospective investors and foreign businesses generally.
SOURCES OF FINANCE
African Project Development Facility (APDF)
The African Project Development Facility was established in 1986 to respond to the need for project preparation assistance for African entrepreneurs.
APDF is a facility established by International Finance Corporation (IFC), United Nations Development Programme (UNDP), United States Aid for International Development (USAID), and African Development Bank (ADB). It supports medium-sized, African-owned projects by offering assistance in project preparation, identifying joint venture partners and negotiating project finance.
Contact: General Manager, APDF,
International Life House, 6 th Floor, Mama Ngina Street,
P.O. Box 46534, Nairobi, GPO, 00100 Kenya
Tel.00254-2-33 74 90, 21 72 90, 21 73 70, Fax: 00254-2-33 91 21, 21 91 47
Email: mngatunga@ifc.org
Development Bank of Kenya (DBK)
The Bank is owned jointly by the Kenya Government through Industrial and Commercial Development Corporation (ICDC), the Netherlands Overseas Finance Company (FMO), Commonwealth Development Corporation (CDC), the German Development Bank (DEG), and the International Finance Corporation (IFC). The bank provides medium-term local and foreign currency financing for projects in the industrial, agro-processing, and tourism sectors.
Contact: General Manager,
Finance House, Loita Street,
P.O. Box 30483, Nairobi, GPO, 00100 Kenya
Tel.00254-2-34 04 01/2/3, Fax: 00254-2-33 82 46
Email: dbk@africaonline.co.ke
East African Development Bank (EADB)
EADB was established in 1967 with its headquarters in Kampala, Uganda. Its mandate and role were reviewed in 1980 and its operational scope expanded.
The bank's shareholding is held primarily by the governments of Kenya, Uganda and Tanzania. The EADB provides medium and long-term loans designated in foreign currencies. EADB finances projects and offers a broader range of financial services in the member states with a view to strengthening regional economic cooperation.
Contact: Resident Manager, EADB,
Lonrho House, Standard Street,
P.O. Box 47685, Nairobi, GPO, 00100 Kenya
Tel.00254-2-34 06 42, Fax: 00254-2-21 66 51
Email: cok@eadb.com, admin@eadb.com
Website: www.eadb.com
Eastern and Southern African Trade And Development Bank (PTA Bank)
The PTA Bank was established in November 1985 to provide financial and technical assistance to projects and trade activities which have the potential of promoting economic growth and integration in the COMESA sub-region. The PTA Bank provides financial resources to both public and private sector projects in manufacturing, agro-industry, mining, infrastructure and tourism.
Contact:
NSSF Building, 22 nd & 23 rd Floors, Bishops Road,
P.O. Box 48596, Nairobi, GPO, 00100 Kenya
Tel.00254-2-71 22 50-8, Fax: 00254-2-71 15 10
Telex: 22826 PTA BANK
Email: official@ptabank.co.ke
Website: www.ptabank.co.ke
European Development Banks
A number of European development banks provide finance to business ventures in Kenya. They include the Netherlands Overseas Finance Company (FMO), the Commonwealth Development Corporation (CDC), the German Development Bank (DEG), the Danish Development Bank (IFU) and the Swedish Fund for Industrial Development of Africa (SFIDA).
Private insurance and pension funds are also important mobilisers of long-term savings in Kenya. These institutions normally invest their funds in real estate and listed securities.
Industrial and Commercial Development Corporation (ICDC)
ICDC has been the Government's main link for joint venture investments and has made equity investments in many industrial and commercial ventures along with local and foreign partners. ICDC provides project and commercial financing..
Contact: Executive Director, ICDC,
Uchumi House,
P.O. Box 45519, Nairobi, GPO, 00100 Kenya
Tel.00254-2-22 92 13, 21 07 13, Fax: 00254-2-33 38 80
Email: icdctd@africaonline.co.ke
Industrial Development Bank (IDB)
IDB is a Government-funded institution. It provides medium and long-term loan finance, direct equity investment and guarantees for loans from other sources. It also underwrites security issues, shares, stocks and similar obligations. IDB now offers full banking services.
Contact: The Managing Director, IDB,
National Bank Building, 18 th Floor, Harambee Avenue,
P.O. Box 44036, Nairobi, GPO, 00100 Kenya
Tel.00254-2-33 70 79, 22 13 77, Fax: 00254-2-33 45 94
Email: idbkenya@swiftkenya.com or bizcare@idbkenya.com
International Finance Corporation (IFC)
IFC is an international organisation established in 1956 to further economic growth in its developing member countries by promoting private sector development.
IFC is an affiliate of the World Bank and finances private sector investment projects in agriculture, manufacturing and tourism. IFC extends long-term loans and makes equity investment in projects entailing investment of more than US $ 20 million. It normally does not finance more than 25 per cent of the project cost. The term loans are generally made in foreign currencies. IFC also manages the Africa Enterprise Fund which can support projects below US $ 20 million.
Contact:
Resident Representative/Regional Office Director,
Hill Park Building, 4 th Floor, Upper Hill Road,
P.O. Box 30577, Nairobi, GPO, 00100 Kenya
Tel.00254-2-72 04 67, 26 03 00, 26 04 00, Fax: 00254-2-26 03 83, 71 73 90
Email:
Website: www.ifc.org
Industrial Promotion Services Ltd (IPS)
IPS is a venture capital company owned by the Aga Khan Foundation, IFC Washington, Kenya Commercial Bank, and a merchant bank in the U.K. It offers equity investments of up to 40 per cent of the share capital, provides loans and offers management assistance. IPS also assists in project development and in locating sources of technical know-how.
Contact: Managing Director,
Industrial Promotion Services, IPS Building,
P.O. Box 30500, Nairobi, GPO, 00100 Kenya
Tel.00254-2-22 80 26/7/8, Fax: 00254-2-21 45 63
Email: ipskoffice@form-net.com |
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