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Kakamega County Investment and Development Agency Act, 2018 (No. 4 of 2018).

Country/Territory
Kenya
Territorial subdivision
Kakamega
Document type
Legislation
Date
2018
Source
FAO, FAOLEX
Original source
Kenya Gazette Supplement No. 13 (Kakamega County Acts No. 4).
Long title
An Act of the County Assembly of Kakamega to provide for the establishment of a legal and institutional framework for promotion and coordination of investment by the county government of Kakamega and for connected purposes.
Subject
General
Keyword
Agricultural development Business/industry/corporations Financial agricultural measures Institution
Geographical area
Africa, Eastern Africa
Abstract

The Act is enacted for the purpose of providing a legal and institutional framework for managing county government investments and coordinate and facilitate investments in the county. The Act establishes the Kakamega County Investment and Development Agency as a legal personality, charged with borrowing money and making investments, taking/purchasing or acquiring or disposing movable and immovable property, entering into contracts, etc. Essentially, the Agency is to make strategic investments on behalf of the County, to promote economic growth within the County. The Act further provides for a Board to administer the Agency and provides for the composition of the Board. The Agency may undertake investment ventures in partnership with other entities for the benefit of the County.

Full text
English