20 November 2012

Kenya: German Ambassador Tells Kenya How to Attract Investors

German ambassador to Kenya Margit Hellwig-Boette has urged the government to work to attract more private sector investment in the country to boost the economy.

She said Kenya deserves more attention from investors saying there are still many areas that are yet to be fully exploited.

The envoy said the country needs more reliable investors, who will be Kenya true allies in difficult times such as the 2007/2008 post-election violence.

Hellwig-Boette added that the investors need to invest in social corporate responsibilities such as funding education, training and support for the vulnerable in the society besides doing business and creating jobs in the country.

Speaking during the celebration of the 40th anniversary of the Severin Sea Lodge in Kenya, Hellwig-Boette said the government must create the right environment for investment.

She said such as issues as the independence of the Judiciary, fight against corruption and security among others are key to attracting investors.

"The prospect for Kenya is good. It has a bright future. But the government still has a lot of homework to do. Without security, development can't be achieved," she said.

She added that the tourism sector especially around Lake Turkana is yet to be fully harnessed. The German embassy came up with the Lake Turkana Festival to make Lake Turkana area in Kenya more known to Kenyans.

She said the area has more opportunities than just oil. The envoy said the youth should be encouraged to create employment in the country.

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