MCAs pass bill to create investor-friendly environment

By Our Reporter

The County Assembly of Kajiado has passed a bill that will create a friendly environment for investors in the county.

The Kajiado County Investment Authority Bill, 2021 will see creation of Investment Authority that will enhance financial and economic prudence in the county investments, enhance competitiveness of CG investments, promote local investment and economic development.

It will also enhance county revenue base, contribute to mobilization of finances for investments, facilitate investment by residents and enable the county to enter into public private partnerships among purposes.

The bill was tabled by Oloolua Ward representative, Martin Kimemia, Chairman Trade, Co-operative and Enterprise Development Committee. He said the bill will see enterprises maximize the existing factors of production and provide gainful employments and promote community social responsibility across the county.

The MCA said Kajiado County has a huge potential in providing an enabling environment for the enterprises and provide investment hubs and opportunities to the locals and multinational firms considering the availability of infrastructures due to County’s proximity to Kenya’s Capital Nairobi and the county.

The Committee chair noted that the County should now position itself as an investment hub and take advantage of the available resources.

“Our county has opportunities to maximize considering its proximity to Nairobi City with the available infrastructures.  Our role as legislature is to ensure that legislation on existing factors of production and regulations that shall be formulated by this House attracts foreign investors as well as nurture and protect domestic investors,” stated Kimemia.

Leader of Majority Party Julius Moipai said the Bill shall spur development in the County as it will enable formulation of agreements that will protect both locals and investors, hence facilitate creation of employment for youths.

The Imbirrikani MCA said passing of the bill was timely and it will provide a friendly investment environment and create jobs for the locals in numbers.

His colleague from Kaputiei North Ward MCA Joshua Olowasa said that the bill shall boost investors’ confidence especially the ones that are already operating in the county.

Olowasa said the there will be more benefits from investors such as corporate social responsibility, creation of more jobs, transfer of skills. The bill will put in place a clear framework for the county to usher in more investors.

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