Ruto Highlights Reforms as Kenya Secures $2.9 Billion in New Investments
The investments span key sectors including agriculture, manufacturing, ICT, business process outsourcing, healthcare, energy, and real estate.
President William Rutto with President Daniel Chapo of Mozambique. Photo/Courtesy
By Ruth sang
President William Ruto has outlined a series of reforms which will strengthen Kenya’s position as a leading investment destination through his efforts to improve business operations and establish an environment that supports investor development.
The President declared that the government has executed broad initiatives which improve investment competitiveness through tax modifications and One-Stop Investment Centre creation and energy cost reduction efforts which include tariff changes and power plant expansion.
The government is currently developing export processing zones together with special economic zones as part of its infrastructure development program while it works to improve educational training systems which will produce a skilled workforce.
President Ruto noted that these initiatives are positioning Kenya as a stable and predictable investment hub which offers investors genuine investment chances through its strong macro-economic and micro-economic foundation.
The President spoke these words during the Nairobi Kenya International Investment Conference which he co-hosted with Mozambique President Daniel Chapo.
The conference announced investments totalling $2.9 billion through 20 investors from nine countries. The investments cover essential industries which include agriculture manufacturing ICT business process outsourcing healthcare energy and real estate.
About Author
