President Uhuru Kenyatta has told American business people that Kenya has one of the best business environment for any entrepreneur who is willing to invest.
For the last three years, the government has undertaken legal and political reforms which are aimed at making the country one of the most attractive investment destinations in the world, he said during discussions with board members of the United States Chamber of Commerce US-Africa Business Centre (USAfBC) when they called on him at State House Nairobi Tuesday.
“Before I leave office, I want to make Kenya one of the top 50 attractive investment destinations in the world,” said the President, who outlined the media freedom, judiciary independence and other reforms being undertaken with the aim of at creating a stable society which would make investors want to set shop in the country.
Asked about challenges facing Kenya because of the European Union (EU) trade agreement with the East African nation, President Kenyatta pointed out that the challenges faced in the implementation of the EU’s Economic Partnership Agreement were temporary.
“The reality on the ground is different; we have a tripartite agreement between EAC, COMESA and SADC which I think needs to be fast-tracked because what matters to our people is business,” said the President, in reference to the East Afrian Community, Common Market of East and Southern Africa and the Southern Africa Development Community sub-regional groupings .
President Kenyatta pointed out that Kenya had no favourites in doing business with but was willing to engage with all willing partners to accelerate economic development.
He singled out the partnership between the government and some private companies, including some major US firms, in providing efficient medical services through the Managed Equipment Services (MES), pointing out that there were many more opportunities for investors willing to engage the government in providing social services.
“The issue here is how we can collaborate with the private sector to provide basic services,” said the President, who noted that there were many areas of investment in the Infrastructure, Information Communication Technology (ICT), Health, Education and Agriculture sectors.
He urged the USAfBC members to seek to partner with the Kenyan private sector who would help them penetrate the local and regional markets.
The Co-chair of the USAfBC board, Jay Ireland, said the businessmen were willing to engage the Kenyan private sector and the government to understand more on the available opportunities so as to woo more of its members to invest in the country.
The US Chamber of Commerce U.S. Africa Business Centre is holding its first ever board meeting in Africa in Nairobi. The US Chamber of Commerce is the world’s largest business federation representing the interests of more than three million businesses in the United States. The chamber also works closely with 117 American Chambers of Commerce abroad.
Source: NAM NEWS NETWORK.