Ruto woos investors to set up manufacturing plants in Kenya

By: JAMES KARIUKI

Deputy President William Ruto on Tuesday asked investors to set up manufacturing plants in Kenya and cash in on the expanded Sub-Saharan African market.

The DP said businesses should take advantage of faster licensing to launch operations and improved infrastructure that enable them to utilise Kenya’s reach to the regional markets by air, road and railway.

Speaking at the Second Kenya International Investment Conference at KICC on Tuesday, Mr Ruto said Kenya had signed several collaboration protocols with neighbouring countries that allow free movement of goods and services with a view to improving the business climate.

“The East African Community brings in 150 million people within reach of any investor where no fees are charged on finished goods or raw materials collected from one area to another. We have also expanded the free trade area to include the Common Market for Eastern and Southern Africa and the Southern Africa Development Community regions,” he said.

SOURCE: DAILY NATION