, NAIROBI, Kenya, Mar 13 – The Chief Executive Officer of Brand Kenya Mary Kimonye says investor confidence in the country has been boosted by the peaceful conduct of the March 4 elections.
“Post the General Election, Kenya has seen an increased confidence in terms of being a choice destination for investment. The information that we have got indicates that either people holding Kenyan assets or people willing to invest in Kenya feel that they are confident enough to continue doing business in Kenya and this is because of the peacefully concluded General Election.”
Kimonye however adds that there is still a lot that can be done by the newly instituted county governments to boost this confidence further, particularly in the area of security. “Investors like to be in a city or in a country where security of themselves as persons and their property is guaranteed.”
High electricity costs, Kimonye observes, also serve to dissuade those willing to invest in Kenya. “As you are aware, Kenya experiences a lot of problems with electricity and this increases the cost of doing business so this is an area we need to focus on as we move forward.”
The high population growth, especially in urban areas creates the additional environmental problem of unsightly urban waste which Kimonye says the county governments will quickly need to address. The problem, she adds, was compounded by the putting up of campaign posters in the run up to the March 4 General Election.
“Kenyans need their city back. If you look around Nairobi we don’t like what we are seeing. The face of Nairobi has been messed with the posters so we are calling on the politicians to clean up our city and fast so we can continue to promote a beautiful and attractive country.”
Kimonye based her findings on various international media reports on the state of Kenya as an investment destination post election.
“The comments that come from Brand Kenya have been arrived at after gleaning several reports in the international media and all these are focusing on investment and the fact that doing business in Kenya is no longer a problem.”
The Kenyan brand ambassador is confident that investor confidence in Kenya will only continue to grow based on, “the expanding middle class and off course the improvement of the Nairobi Securities Exchange which post the election, gained a three percent increase.”