Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
He said the government’s intensified focus on roads, railway, energy, water, security and human capital provided a fertile ground for businesses to thrive.

Kenya

DP Ruto woos international investors during his Italy trip

He said the government’s intensified focus on roads, railway, energy, water, security and human capital provided a fertile ground for businesses to thrive.

ROME, Italy, Dec 4 – Deputy President William Ruto is calling on the international community to invest in Kenya, noting that Africa promises the highest return on investment in the world.

He said the government’s intensified focus on roads, railway, energy, water, security and human capital provided a fertile ground for businesses to thrive.

Addressing private sector players and various industry heads in Rome, Italy, Ruto said Kenya would further foster public-private partnership to bolster its development plan.

“There are massive investment opportunities in agriculture, manufacturing, health and housing, which guarantee a return on investment. We would want this to interest the private and public sector in Italy to work with Kenya because there is a win-win possibility,” he said.

Ruto said the long-standing relationship between Kenya and Italy called for increased trade between the two countries.

He observed that it was time Kenya and Italy scaled up their friendship, both at government and business levels.

The Deputy President said good governance, political stability coupled with the growing young population posed a new horizon for foreign investors.

Meanwhile, Politecnico di Milano, the largest technical university in Italy, has agreed to support Kenya in fine-tuning technical education “to be in tandem with industry demands”.

Speaking during a meeting with Ruto at the institution’s offices in Milan on Tuesday, Rector Ferracciolo Resta said technical institutions in Kenya would gain a lot from the partnership, especially on issues to do with engineering and architecture.

The Politecnico di Milano is the largest engineering college in Italy with more than 45,000 students and 1,400 professors. We also have strong employee reputation, making it easy for our students to be absorbed by industries,” said Professor Resta.

Advertisement. Scroll to continue reading.

He said the institution’s rich history of churning out highly skilled, labour-ready graduates had made it be one of the key contributors to Italy’s economic success.

According to Ruto, the ongoing reorientation and recognition of technical training would give Kenya some impetus “for a major economic take-off”.

“Competency-based training is what Kenya has lacked for long. Technical training colleges are going to address this gap so that the skills acquired would help the country realise its dream of food security, affordable housing, manufacturing and affordable healthcare,” Ruto told the gathering.

He said the government was offering bursaries and loans to learners to boost enrollment.

Click to comment
Advertisement

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...

Headlines

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

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...

Kenya

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

Coronavirus

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

Coronavirus

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