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President William Ruto has extended a warm invitation to local and global companies, emphasizing Kenya’s robust opportunities for trade and investment. Speaking at the AMCHAM Business Summit in Nairobi, President Ruto highlighted the country’s proactive measures in transforming its trade and investment regime, including the establishment of Special Economic Zones.
“Our nation offers a fertile ground for trade and investment, attracting major brands seeking an African foothold,” President Ruto affirmed. He noted the steady rise in Kenya’s global appeal, driven by the government’s commitment to fostering economic growth and development.
President Ruto outlined a plethora of investment opportunities spanning various sectors such as agriculture, banking and finance, construction, mining, blue economy, human capital development, renewable energy, and the digital economy. These sectors present attractive prospects for both local and international investors seeking sustainable ventures.
The summit witnessed the presence of esteemed dignitaries, including United States Secretary of Commerce Gina Raimondo, Kenya’s Investment and Trade Cabinet Secretary Rebecca Miano, US Ambassador to Kenya Met Whitman, as well as representatives from numerous American and Kenyan companies, and government officials.
Highlighting a paradigm shift in perceptions of Africa, President Ruto emphasized the continent’s emergence as a land of opportunities and solutions, rather than challenges. He underscored Africa’s potential as a destination for lucrative investments, backed by its abundant resources and conducive business environment.
Reaffirming the longstanding ties between Kenya and the United States, President Ruto emphasized shared values of democracy and trade. He reiterated the government’s commitment to poverty eradication through the Bottom-Up Economic Agenda, aimed at uplifting livelihoods and fostering inclusive growth.
Secretary Raimondo echoed President Ruto’s sentiments, expressing President Biden’s administration’s commitment to fostering mutually beneficial partnerships with countries like Kenya. She emphasized Africa’s growing influence on the global economic landscape and pledged to convey Kenya’s investment potential to US multinationals.
In a complementary statement, Cabinet Secretary Rebecca Miano highlighted the significant strides made during the summit, including fruitful engagements with US-based companies and the announcement of priority projects in key sectors such as technology, health, and energy.
As the curtains fell on the summit, Kenya’s determination to forge ahead in trade and investment was evident. With a firm commitment to collaboration and partnership, Kenya stands poised to capitalize on its economic potential and solidify its position as a thriving hub for business and investment in East Africa.
