Connect with us

Hi, what are you looking for?

President Mwai Kibaki with the Mayor of the City of London RT. Hon. Alderman David Wootton/ PPS


Kibaki woos UK investors to Kenya

President Mwai Kibaki with the Mayor of the City of London RT. Hon. Alderman David Wootton/ PPS

LONDON, Aug 1 – President Mwai Kibaki has urged UK investors and tourists to venture into the fast growing Kenyan market.

Speaking during a gala dinner he hosted jointly with The Lord Mayor of the City of London, RT. Hon. Alderman David Wooton, at the end of the Kenya Investment Conference at Mansion House, London, on Tuesday, President Kibaki said Kenya’s economy was growing impressively and invited UK investors to be part of country’s success.

“Since the year 2003, Kenya’s economy has been on an impressive growth path. The past decade has been one of the most prosperous periods our country has ever enjoyed. We are therefore inviting you to be part of our success through investment, trade and tourism,” said President Kibaki.

The President thanked investors for availing themselves to receive firsthand information on the wide range of investment opportunities available in Kenya during the Investment Conference that was held during the day adding that he looked forward to increased investments in Kenya as a result of the Conference.

Said the President: “It is our hope that you now have sufficient information to enable your respective boards and senior management make decisions in favor of investing in our country.”

President Kibaki also assured investors of a smooth leadership transition after the general election that will be held next year.

“Kenya is due to hold its next General Election early next year. I would like to assure all investors that there will be a smooth handover of power to the next Government,” said President Kibaki.

The President expressed his gratitude to The Lord Mayor of the City of London, Rt. Hon. Alderman, as well as the Director-General of the Commonwealth Business Council, Peter Longworth, for their support in arranging the Kenya Investment Conference.

On his part, the Mayor of London said the Investment Conference held during the day had enlightened UK investors on opportunities available in the Kenyan market and expressed confidence that this would increase UK investments in Kenya.

The Mayor further said he looked forward to the successful conclusion of negotiations between TheCityUK, the independent body promoting UK-wide financial and related professional services, and the Capital Markets Authority of Kenya, in support of Nairobi’s plans to develop as an International Financial Centre.

Advertisement. Scroll to continue reading.

Said the Mayor: “I am delighted by this important milestone in the partnership between the TheCityUK and our partners in Kenya. Developing Nairobi’s capacity as a financial service centre will mean it is well placed to support the creation of jobs and growth for the people of Kenya and across East Africa.”

Partaking of the dinner was the entire Kenyan delegation comprising Ministers Kenya’s Foreign Affairs Minister Prof. Sam Ongeri, Finance Minister Njeru Githae, Minister for Planning, national Development and Vision 2030, Wycliffe Oparanya, among others senior chief executives of public and private sector.


More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...