Kenya Investment Authority developed investment tracking tool

This comes at a time when the demand for public administrative data and statistics increases in the country

Kenya invest

Kenya Investment Authority developed investment tracking tool. Source: flickr.com

The Kenya Investment Authority (KenInvest) has developed a Foreign Direct Investment (FDI) tracking tool.

The launch was carried out through financial and technical support of the Commonwealth and Development Office (FCDO), Partnership for Investment and Growth in Africa, and a flagship program of UK Foreign.

The FDI Tracking tool will come in handy in tracking the performance of investments. The tool will use verifiable indexes and store data on actual inflows. It will also enable the reporting and analysis of investment data as per preferential formats.

In addition, the tool will enhance the storage, management, and retrieval of investment and FDI data. This will play a huge role in the broadcasting of KenInvest’s scheduled flagship Publication State of Investment Report (SIR). By using the tracking tool, KenInvest will improve the quality of data captured as well as the analysis and reporting to the stakeholders.

We’ve reported that Kenyan women enterprises will get a $5 billion funding.

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