Twenty UK businesses are planning to set shop in Kenya as recently announced by British Prime Minister Theresa May, where she termed the action as a clear demonstration of the confidence the British business communities has in Kenya’s attractive investment environment.
“British companies are well known for their high quality standards and strict adherence to Labour laws which are hallmarks of fair trade.” says a statement from the PSCU.
The President on the other hand said he is willing to offer support to investors willing to venture into any of the sectors of the economy.
According to the British Chamber of Commerce Kenya, 19 FTSE companies have a presence in Kenya.
“Marks & Spencer alone buys products worth £100 Million per year from Kenya. Sainsbury’s, Waitrose, Tesco, & Asda source products of similarly significant amounts. This translates to thousands of jobs and significant income for Kenyans.”
British Chamber of Commerce lists companies like Finlays and G4S among the largest private sector employers while making up five of the top ten taxpayers with Diageo and Safaricom.