A little-noticed proposal in the Finance Bill 2026 could make it easier for foreign investors to put their money into Kenya, as the government steps up efforts to attract capital and spur economic growth.
The Bill proposes removing the requirement for certain non-resident investors to obtain a Kenya Revenue Authority (KRA) Personal Identification Number (PIN) before opening investment accounts in the country.
The government says the move is aimed at removing bureaucratic hurdles that have long frustrated foreign investors looking to access opportunities in Kenya’s financial markets.
Treasury officials argue that while the country has made significant strides in improving the ease of doing business, some administrative requirements continue to discourage potential investors.
The proposed change is expected to simplify the process for foreigners seeking to invest in Kenyan stocks, bonds and other financial instruments.
National Treasury Cabinet Secretary John Mbadi has repeatedly emphasised the need for Kenya to create an environment that attracts investment rather than drives it away.
The proposal comes as the government seeks to increase foreign direct investment, create jobs and reduce reliance on borrowing to finance development projects.
According to the Treasury, attracting more foreign capital could help strengthen Kenya’s financial markets while increasing the flow of funds into businesses and productive sectors of the economy.
The move also fits into the government’s broader plan of positioning Nairobi as a regional financial hub capable of competing with other major investment destinations on the continent.
Supporters of the proposal argue that foreign investors should be able to access Kenyan investment opportunities without being subjected to lengthy administrative processes that add little value to the actual investment.
The government believes simplifying the rules could encourage more investors to consider Kenya at a time when countries across Africa are competing aggressively for international capital.
While much of the public debate around the Finance Bill 2026 has centred on tax proposals, Treasury views the investment reforms as equally important in supporting economic growth.
If approved by Parliament, the changes could send a strong signal that Kenya is keen on attracting investment and reducing red tape for global investors.
At a time when the country is looking for new sources of capital to drive growth, the government is betting that making it easier to invest in Kenya could ultimately create jobs, expand businesses and boost economic activity.
