A clerk counts yen and yuan notes. In the last week, investors withdrew $2.5 billion from emerging stocks. FILE
By GERALD ANDAE
Kenya has launched new guidelines in a bid to assist foreign investors conform to environmental protection laws and regulations.
Kenya Investment Authority managing director Moses
Ikiara said that the guidelines developed with the help of the World
Wide Fund would provide a one-stop shop for regulators charged with
protecting the environment.
“It is very hard for a new investor to establish
all the bodies that are supposed to lisence them, and in the process,
some end up contravening the laid down guidelines after failing to
contact the relevant bodies,” said Dr Ikiara.
“This will allow investors set up their entities without delays,” he added.
Dr Ikiara said that Kenya loses up to 16 per cent
of gross domestic product due to effects of environmental degradation
like prolonged droughts and floods hence the need for sustainable
development.
The State agency is charged with promoting new investments in Kenya.
No comments :
Post a Comment