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Kibaki honoured by Sao Paulo investors

RIO DE JANEIRO, Jun 24 – President Mwai Kibaki who has been attending the United Nations Conference on Sustainable Development has been awarded the prestigious Medal of Industrial Merit by the Federation of Industries of the State of Sao Paulo.

The President was awarded the medal in recognition of his outstanding efforts towards promoting entrepreneurship and industrial development in Kenya.

In bestowing the medal, the President of the Federation of Industries of the State of Sao Paulo, Mr. Paulo Skaf, congratulated President Kibaki for turning the Kenyan economy around despite many domestic and external challenges.

Skaf noted that President Kibaki had laid sound basis for the future industrial development of the country through sound policies as articulated in Vision 2030.

In accepting the medal, President Kibaki said the award was an appreciation of the efforts of the Kenyan people towards industrial development.

The President also invited Brazilian investors to explore investment opportunities in Kenya saying there were a wide range of lucrative opportunities in the energy, infrastructure and tourism sectors, among others.

Saying that Kenya has undergone a major transformation in the last decade which has opened vast economic potential, President Kibaki said the country was undertaking major investments in infrastructure development.

The President cited the Lamu Port, South Sudan and Ethiopia Transport (LAPSSET) corridor which he said his Government was undertaking jointly with neighboring countries of Ethiopia and South Sudan.

The President said this transport corridor which comprises the construction of a modern port at Lamu on the Kenyan coast, oil refinery, power lines, railway and highway as well as fiber optic infrastructure represents one of the most lucrative investment opportunities in the East and Horn of Africa region.

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Said the President: “This project represents one of the most lucrative investment opportunities in our region. Today I invite your members to participate with us in this project.”

Accompanying the President were Foreign Affairs Minister Professor Sam Ongeri, Foreign Affairs Permanent Secretary Thuita Mwangi and Kenya’s Ambassador to Brazil, Amb. Kirimi Kaberia, among others.


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