The Effects of Development Control Policy Implementation on Investor Attraction in Nairobi City County
DOI:
https://doi.org/10.53819/81018102t4306Abstract
This report examines the impact of development control policy implementation on investor attraction in Nairobi City County. The rapid urbanization and economic dynamism of Nairobi City County present both opportunities and challenges in attracting investment. This study aimed at assessing the impact of development control policy implementation on investor attractions in the region. As the capital of Kenya, Nairobi serves as a significant economic and cultural hub in East Africa, yet it faces competition from other emerging markets and struggles with the complexities of urban growth. The specific objectives included assessing the impact of development regulations on investment decisions, exploring the role of stakeholder engagement in shaping these policies, and analyzing how policy enforcement affects investor confidence. The methodology employed in this study is a mixed-methods approach, combining qualitative and quantitative research techniques. The findings revealed a relationship between development control policy implementation and investor attraction. Effective policy enforcement and clarity significantly enhance investor confidence, leading to increased project initiation and completion rates. Conversely, poorly defined regulations and inconsistent enforcement can deter investment, creating a perception of risk among potential investors. The study concludes that there is a positive relationship between robust development control policies and investment attraction in Nairobi City County. The study recommends the need for streamlined approval processes, enhanced communication between government and investors, and consistent policy enforcement. By prioritizing effective policy implementation, Nairobi can solidify its position as a premier investment destination in East Africa, driving sustainable economic growth while improving the quality of life for its residents.
Keywords: Development control policies, investor attraction, urbanization, policy implementation, stakeholder engagement
References
REFERENCES
Nairobi City County Government. (2020). Nairobi City County Integrated Development Plan 2018-2022. Nairobi: Nairobi City County Government.
Donato, F. (2017). When theory and practice clash: Participatory governance and management in Takht-e Soleyman. Journal of Cultural Heritage Management and Sustainable Development, 7(2), 129-146.
Drabek, Z. (2002). The impact of transparency on foreign direct investment. Journal of Economic Integration, 17(4), 777-810.
Haines, F. (2011). The paradox of regulation: What regulation can achieve and what it cannot. Edward Elgar Publishing.
Huang, L. (2015). Managing the unknowable: The effectiveness of early-stage investor gut feel in entrepreneurial investment decisions. Administrative Science Quarterly, 60(4), 634-670.
Huwae, R. J. (2024). Challenges in Indonesia's investment policy for stimulating economic growth through the Omnibus Law. International Scientific Journals of Social, Education, Humanities, 3(2), 84-97.
Laurian, L. (2009). Trust in planning: Theoretical and practical considerations for participatory and deliberative planning. Planning Theory & Practice, 10(3), 369-391.
Lee, C. C.-W. (2021). Financial systems, regulatory quality, and economic growth. The Journal of International Trade & Economic Development, 30(2), 246-274.
Mansuri, G., & Rao, V. (2012). Localizing development: Does participation work? World Bank Research Observer, 27(2), 1-45.
Mena, S., & Palazzo, G. (2012). Input and output legitimacy of multi-stakeholder initiatives. Business Ethics Quarterly, 22(3), 527-556.
Mugenda, O. M. (2003). Research methods: Quantitative & qualitative approaches (Vol. 2, No. 2). Nairobi: Acts Press.
Romano, R. (1998). Empowering investors: A market approach to securities regulation. The Yale Law Journal, 107(8), 2359-2430.
Schmidheiny, S., & Zorraquin, F. (1996). Financing change: The financial community, eco-efficiency, and sustainable development. MIT Press.
Kenya National Bureau of Statistics. (2021). Economic Survey 2021. Nairobi: Government of Kenya.
Stubbs, W. (2018). Stakeholders’ perspectives on the role of regulatory reform in integrated reporting. Journal of Business Ethics, 147, 489-508
Wood, D. T. (2013). Institutional impact investing: Practice and policy. Journal of Sustainable Finance & Investment, 3(2), 75-94.
Khan, S. (2019). Managing a leadership transition in a non-governmental organization [Case study]. SAGE Business Cases Originals
Peters, C., Thomas, J., Aponte, M., Connelly, R., & Judge, S. (2014). Media Arts Group and the case of channel conflict [Case study]. Society for Case Research.
Smith, S. (2003). Leadership. Harvard Business School Case No. 7-806-122.
Heisz, M., & Leech, L. (2005). Sarbanes-Oxley Act of 2002: Understanding the requirements and the Canadian response. Ivey Business School Case No. 9B05B009.
Pederson, S. (2008). The XYZ Group. In J. Ness (Eds.), Cases in digital processing (pp. 11-20). CDMA Publishing.
Armitage, L., & Burgin, S. (2015). The Pink Poodle, swimming pavilions and Miami Ice. In T. Hundloe, B. McDougall, & C. Page (Eds.), The Gold Coast transformed: From wilderness to urban ecosystem (pp. 131–139). CSIRO Publishing.
Brand, J. E., Todhunter, S., & Jervis, J. (2017). Digital Australia report 2018. Interactive Games and Entertainment Association.
Dellios, R. (2019). Security landscape. In S. Romaniuk, M. Thapa, & P. Marton (Eds.), The Palgrave encyclopedia of global security studies. Palgrave Macmillan.
Fritzon, K., Doley, R., & Hollows, K. (2014). Variations in the offence actions of deliberate firesetters: A cross-national analysis. International Journal of Offender Therapy and Comparative Criminology, 58(10), 1150–1165.
Watt, B. D., O'Leary, J., & O'Toole, S. (2017). Juvenile fitness for trial: Lawyer and youth justice officer professional survey. Psychiatry, Psychology and Law, 24(2), 191–204.
