Kenya secures billions in new investment deals to agricultural jobs

President William Ruto has announced a major boost for Kenya’s economy, unveiling over US$2.9bn in 20 new investment agreements expected to generate around 63,000 jobs.

These deals cover key sectors such as agriculture, manufacturing, ICT, business process outsourcing, healthcare, energy, and real estate.

Many of the projects are already underway, with some having broken ground, reflecting strong confidence from investors. The President highlighted the scale of commitment, saying, “We are not just talking about numbers; we are talking about real investments, including US$1bn in agriculture alone.”

Daniel Chapo, President, Ruto, said, “In direct response to investor feedback, Kenya is implementing a new package of cross-cutting policy actions designed to remove long-standing investment bottlenecks and significantly enhance the ease of doing business.”

The government has introduced measures to strengthen tax systems, including VAT refunds for export driven firms and clearer transfer pricing rules. Other steps include zero rating VAT on exported services and scrapping the 30 per cent domestic equity requirement for ICT companies, opening the door for more global investment.

Ruto also pointed to the One Stop Investment Centre, which is set to become fully digital by 2026. “By the end of 2026, this platform will be fully digitised, enabling permits and licences to be secured entirely online, reducing costs and improving efficiency for investors,” he said.

Beyond policy, the government is investing in infrastructure, energy, and workforce development to support long term growth. Ruto noted that Kenya’s economy remains stable, with rising foreign investment, lower inflation, and strong foreign exchange reserves.

He concluded that these efforts are positioning Kenya as a reliable and competitive destination for global investors.