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 174 times, 1 visit(s) today

More on Capital Business

Kenya

Speaking to Capital in the Morning, motorists, traders and commuters said the sharp rise in petrol and diesel prices will directly affect transport costs,...

Kenya

The delivery and ride-hailing firm says more customers are ordering frequently, while restaurants, supermarkets and retailers are recording higher sales through the app.

Kenya

Earnings before interest and taxes grew 15.3 percent to Sh182 billion, while total earnings climbed 24.7 percent to Sh119 billion.

Aviation

Airlines have cut 13,000 flights globally in May as jet fuel prices soar due to the conflict in the Middle East.

Kenya

The concerns dominated discussions at the inaugural iGaming AFRIKA Summit 2026 in Nairobi, where policymakers and industry players pointed to rising fiscal stakes as...

Kenya

NAIROBI, Kenya, May 4 – Mater Misericordiae Hospital Nairobi has received 163 pieces of medical equipment worth Sh100 million from Mater Misericordiae University Hospital Dublin....

Kenya

Data from the Kenya National Bureau of Statistics Economic Survey 2026 shows subscriptions increased by 21.4 percent, driven largely by a shift toward peer-to-peer...

Government

Data from the Kenya National Bureau of Statistics Economic Survey 2026 shows the agriculture sector—still the backbone of the economy—was the main drag on...