Tuesday, September 28, 2021

President Uhuru invites UK investors to tap Kenyan market

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President Uhuru Kenyatta has invited United Kingdom investor to tap into the Kenyan market during his visit to the UK on Tuesday.

The Head of State noted that Kenya is one of the most attractive investment countries in Africa with ready investments valued at 5 billion US dollars under the PPP framework.

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“President Uhuru Kenyatta has invited United Kingdom (UK) investors to tap into emerging business opportunities in Kenya, saying the country remains one of the most attractive investment destinations in Africa.

The President showcased 10 investment opportunities worth over USD 5 billion that are immediately available in Kenya under the PPP framework, among them; Nairobi Smart Street Lights Project, Nairobi Bus Rapid Transport System, Intelligent Traffic Management System Project and Galana Kulalu Food Security Project.

Others are Lamu Fishing Port Project, Moi Teaching and Referral Hospital Training Complex Project, Mombasa Industrial Park, Meru Cancer Centre Project, Kenyatta National Hospital Project and Lamu Port Project.

The Head of State made the invitation during business forum hosted by UK Foreign Secretary Dominic Raab and the Lord Mayor of the City of London William Russell at Mansion House, the Lord Mayor’s official residence.” Said State House.

Speaking at the event, President Uhuru noted that the initiative has taken a while, the Ministry of Finance is ready to roll it out soon.

He continued by assuring the investors that the Kenyan economy has proved to be resilient to harsh conditions including the ongoing pandemic ranking third in Africa and sixth globally.

““It is an initiative that was conceived when I was the Minister for Finance; and although it has taken a while to get here, I am pleased to say that it will soon be open for business.

We have also shown resilience during the last year, with our economy amongst the least affected globally. Further, underlining our stability is the fact that economic growth has averaged almost 6 percent over the last decade.

Our country also stands out as one of the most pro-business in Africa, with the World Bank Ease of Doing Business, currently ranking Kenya the fourth in Africa and fifty-sixth, globally.

Kenya continues to pursue initiatives aimed at lowering the cost of doing business. Significant investments have been made to improve the quality of infrastructure, with our infrastructure ranked amongst the best in sub-Saharan Africa,” Said President Uhuru

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