Foreign investment updates about Kenya
Update (Divestment)
The Central Bank of Kenya (CBK) announced on 5 April 2024 that the Bank of Kigali (BoK) Representative Office in Kenya will close effective 2 April 2024. This closure comes as BoK's parent company, Bank of Kigali Group Plc, has made a strategic decision to prioritize digital service
Update (Divestment)
On 30 March 2023, Moderna announced it had finalized an agreement with the Government of Kenya to establish an mRNA manufacturing facility in the country. One year later on 11 April 2024, Moderna announced a temporary halt on building an mRNA vaccine manufacturing facility in Kenya. This decision comes after
Update
Shimizu Corporation, a leading Japanese construction company, has relocated its base of operations for Africa from Dubai, United Arab Emirates, to Nairobi, Kenya. The new office, situated in Nairobi's prestigious Britam Tower in Upper Hill, officially opened its doors on 10 January 2024. Africa's Rising Growth
Update
Kenya and Toyota Tsusho Corporation of Japan have signed a framework agreement for cooperation in vehicle manufacturing and renewable energy development. As part of the agreement, Toyota will establish a vehicle manufacturing plant in Kenya, with an initial investment of Ksh 800 million pledged towards the Kenya Thika vehicle manufacturers.
Update
Moderna, a leading biotechnology company specializing in mRNA therapeutics and vaccines, has finalized an agreement with the Government of Kenya to establish an mRNA manufacturing facility in the country, marking its first such facility in Africa. This partnership aims to provide Kenya and the African continent access to mRNA vaccines,