Investors have been urged to invest in Kenya in order to improve the peoples’ living standards following the improved business environment in the country.
The National Treasury Cabinet Secretary Mr. Henry Rotich, said business ventures are attractive since the Government has reduced the cost of doing business such as the low energy tariffs.
Mr. Rotich said the government targets to tarmac   10,000 km of road network countrywide and complete the Standard Gauge Railway from Mombasa to Nairobi to facilitated transportation and fast-track development activities.

The Cabinet Secretary who was speaking in London during Barclays African Forum and Kenya Investment Roundtable event which was organized by Barclays Bank Ltd, said SGR will be expanded to cover Uganda and the East African region to facilitate movement of people and goods and open up business in the entire region.
On green energy and general reforms in the energy sector, Mr. Rotich said Kenya is at 85 per cent rating in the development of green energy, adding that geothermal, wind power and hydropower generation are receiving significant funding from the government and development partners.
During the business discussions in London, the National Treasury Cabinet Secretary was with Foreign Affairs and International Trade Cabinet Secretary, Dr. Amina Mohammed and Industrialization and Enterprise Development Cabinet Secretary, Mr. Adan Mohamed.
Baroness Linda Chalker led the Barclays investors and was assisted in the business talks by British High Commissioner to Kenya Dr. Christian Turner. Mr. Rotich examined in-depth on the economic outlook of Kenya with Mr. Mohamed explaining vividly industrialization and enterprise development opportunities in the country.
The National Treasury Cabinet Secretary had one on one sessions with over 10 investors who were keen to establish their business enterprises in the country which is today an economic powerhouse in the East African Region. Most of the investors were those who participated in last year’s Euro Bond debut who asked candid questions on the country’s economic development, mega progress and business environment.
The high level business forum and Investment RoundTable in London was held from September 9-10, 2015.  “We view Kenya as Central to Africa’s economic growth despite domestic and external challenges. Confidence indicators suggest a positive growth and bright future for the country”, Mr. Rotich told the investors who had keen interest on Kenya’s economic performance and business opportunities.
The Cabinet Secretary said Kenya’s economic transformation agenda was on course, citing his ministry’s efforts to stabilize the volatile Kenyan shilling and curb inflation.  He said structural reforms supported by sound economic policies were bearing fruit with Nairobi International Financial Centre being establish with financial support from Qatar government.
On the macro-economic front, he told investors that the Central Bank of Kenya is using its monetary instruments to manage the shilling, adding the country has significant amount of foreign exchange reserves to help stabilize the shilling.
He however linked the weakening shilling to external macroeconomic environment particularly the US economy where the dollar is appreciating compared to other world currencies.
Mr. Rotich noted that inflation is within target while economic growth is at 5.8 per cent though this is expected to improve further to about 6.7 per cent in the medium term.  The government in partnership with development partners is keen to grow the economy to double digit.
Mr. Rotich invited United Kingdom investors from the Private sector to increase their investment in Kenya particularly in infrastructure and energy sectors.  He said Great Britain investors have competitive advantage in Kenya in view of the two countries long history, international relations and co-operation.
In her address to the investors, Cabinet Secretary Dr. Mohamed said British investors were welcome to Kenya.  She said security in Kenya is being beefed up and called for joint regional and international support in the fight against terrorism which is a global challenge.  Present during the business discussions was also Transport and Infrastructure Principal Secretary, Mr. John Mosonik.
Mr. Temisan Ofong of Barclays Bank Africa urged African investors to align their Africa strategy towards African development and to focus on holistic development needs instead of focusing only on profits.  He said, “The World understands Africa better and Africa understands the World better”.
Mr. Jeff Gable, Head of Research at Barclays Africa presented an update on Africa’s Market Outlook, and the opportunities and challenges while Ms. Agnes Gitau, an Investment and International Trade Advisor focused on East Africa’s regional integration and economic potential.
Other speakers in the forum and RoundTable events included Barclays Corporate Banking Chief Executive Officer, Mr. John Winter and Barclays Kenya Chief Executive Officer, Mr. Jeremy Awori.
Baroness Chalker in her moderation informed the investors that the Kenyan delegation was a very powerful one indicating that Kenya was serious and more focused in its concerted efforts to attract investors.
On the port of Mombasa, Mr. Rotich informed investors that European and Japanese investors were investing heavily in construction work, especially opening up more births.  He added that Kenya was partnering with Uganda, Rwanda and Burundi to ensure faster movement of goods through the port.
On tourism, he urged investors to take advantage of the abundant opportunities and invest substantial resources in the sector which has witnessed several reforms.
Mr. Rotich called on the Western countries to lift travel advisories, saying Kenya has invested heavily on security management in a bid to curb attacks from militants.  Such reforms and investment include police re-orientation through training, recruitment of more police officer, provision of better working tools, and improvement of housing and general welfare.
The Barclays Africa Forum and the Kenya Investment Roundtable event showcased the country effectively.  The fruits will be reaped through new investors who will invest their resources in mega projects and business opportunities in various parts of the country.
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