President Uhuru promised UK investors friendly policies during the recently concluded UK-Africa Investment Summit. The President vowed to remove obstacles limiting business performance, urging investors to venture into sustainable projects in Kenya.
“We have tremendously improved the ease of doing business in Kenya. Besides, Kenya is now the third most attractive investment destination on the African continent. This aligns with our policy of recognizing that we need to remove obstacles that prevent businesses from partnering with us to achieve our development objectives,” Star quoted the President.
Uhuru also emphasised on investments in geothermal and wind power, highlighting the importance of creating environmentally sustainable opportunities.
“With the growing climate crisis, we are all going to have to work differently especially for those of us in the developing countries to sustain our development in line with our respective countries’ vision to create the jobs that we need in an environmentally friendly way,” he added.
Closed Deals at the UK-Africa Investment Summit
Uhuru’s charm offensive wooed investors, attracting Ksh 170 billion for projects in housing, entrepreneurship, finance, and renewable energy. Moreover, the conference attracted a Ksh 22 billion investment from Diageo to build eco-friendly breweries in Kisumu.
The president also launched Africa’s first green bond at the LSE, denominated in Kenya Shillings.