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Kenya

Dr Kirubi among speakers at key investment meet

Dr Kirubi will be joined by Chase Bank Chief Executive Paul Njaga, Konza Technopolis Development Authority (KoTDA) CEO John Tanui as well as LAPSSET Corridor Development Authority Director General Silvester Kasuku/FILE

Dr Kirubi will be joined by Chase Bank Chief Executive Paul Njaga, Konza Technopolis Development Authority (KoTDA) CEO John Tanui as well as LAPSSET Corridor Development Authority Director General Silvester Kasuku/FILE

NAIROBI, Kenya Nov 18 – Capital Group Chairman Chris Kirubi will be among key speakers at the second edition of the Kenya International Investment Conference.

Dr Kirubi will be joined by Chase Bank Chief Executive Paul Njaga, Konza Technopolis Development Authority (KoTDA) CEO John Tanui as well as LAPSSET Corridor Development Authority Director General Silvester Kasuku.

Others include Information Communication and Technology (ICT) Cabinet Secretary Fred Matiang’i and Ministry of East Africa, Affairs Commerce and Tourism Cabinet Secretary
Phyllis Kandie.

The three day conference begins Monday at the Kenyatta International Convention Centre in Nairobi.

Under the theme “Think Investment, Make it Kenya” this year’s conference is scheduled to attract top regional and international investors with an eye on Kenya.

Speaking about the conference, Kenya Investment Authority Managing Director Moses Ikiara, says it is a platform to promote doing business in Kenya as the country continue to drive high levels of global investor interest in the country and region.

“This year’s conference brings together some of the most influential speakers and thought leaders in the business world to discuss key investment opportunities across various industry verticals. We look forward to interactive panel sessions and discussions on opportunities where investors can ‘Make it Kenya’,” he added.

Kenya’s 2014 Foreign Direct Investment (FDI) inflows hit 97.8 billion, a 95 percent increase from Sh49.9 billion in 2013, according to data from the United Nations Conference on Trade and Development (UNCTAD) World Investment Report 2015.

READ: Kenya FDI inflows rise 95pc to Sh97.8bn in 2014

The same data shows Kenya’s FDI inflows continued to outpace other East African countries that have previously attracted more inflows mainly directed towards the resources extractive sector.

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In 2014, total FDI inflows into East Africa stood at Sh672 billion up 11 percent from the previous year.

According to the report as at close of 2014, Kenya represented 14.6 percent of total FDI inflows into East Africa up from a three year historical average of 6.7 percent.

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