Kenyans urged to invest locally to drive economic growth - Capital Business
Connect with us

Hi, what are you looking for?

Banks

Kenyans urged to invest locally to drive economic growth

Speaking in Nairobi, Equity Group Managing Director and CEO Dr. James Mwangi said while foreign investment remains important, local participation is critical to building a resilient economy.

NAIROBI, Kenya, Mar 29 – Kenyans have been urged to take a more active role in trade and investment to support economic growth and retain returns within the country.

Speaking in Nairobi, Equity Group Managing Director and CEO Dr. James Mwangi said while foreign investment remains important, local participation is critical to building a resilient economy.

He noted that strong domestic savings and increased investment by Kenyans would help drive sustainable development.

Mwangi also highlighted the role of Kenya’s foreign missions in promoting exports and attracting investment, saying stronger collaboration with diplomats could boost foreign currency inflows, job creation and wealth creation.

President William Ruto called on ambassadors and high commissioners to position Kenya as a credible investment destination, unlock new markets and strengthen partnerships abroad.

The push comes as Kenya steps up economic diplomacy efforts under the African Continental Free Trade Area framework, including the rollout of digital platforms aimed at linking businesses to cross-border trade opportunities.

Officials say the focus is shifting toward practical deal-making to improve trade flows, particularly for small and medium-sized enterprises.

Visited 16 times, 16 visit(s) today

More on Capital Business

Companies

NAIROBI, Kenya, Mar 27 – Rising diaspora remittances are fueling a renewed push into Kenya’s real estate sector, as developers market property as a...

Kenya

The President explained that the government, in consultation with regional partners, is working with stakeholders to ensure that the country does not face fuel...

Kenya

The call follows new reports by the Coalition for Dialogue on Africa, which serves as the Secretariat of the African Union High-Level Panel on...

Kenya

The assessment, covering 2005 to 2025, warns that technologies such as 3D printing and drones are accelerating the spread of illicit weapons, complicating enforcement...

Insurance

Industry data indicates fraudulent claims account for up to 10–15 percent of total claims costs in some segments, highlighting the need for better detection...

Kenya

According to the firm’s 2026 Taste Charts, local consumers are increasingly seeking “swicy” combinations—blending sweet and spicy—as well as tart and culinary-inspired flavours.

Companies

NAIROBI, Kenya, Mar 19 – The Institution of Engineers of Kenya (IEK) is pushing for greater use of engineering solutions to transform agriculture and...

Kenya

The 2026 MoneyMarch Report highlights growing financial pressure, even as more people turn to savings and entrepreneurship to cope.