Capital FM (Nairobi)

Kenya: Uhuru Calls for More Engagement With Private Sector

Nairobi — President Uhuru Kenyatta on Saturday urged the private sector to continue engaging the government in a bid to improve the economy and growth of the country.

Speaking at the 10th anniversary of the Kenya Private Sector Alliance (KEPSA), the president said that great strides had been made in the economy and the growth of the country due to such engagements.

"This country has made tremendous growth not only in the private sector, but also the economy, a factor largely attributed to the country's private sector led by KEPSA. As a government we recognize your efforts towards the development of this nation," he told the private sector stakeholders, made up of top investors and business executives who attended the ceremony at a Nairobi hotel.

The head of state told the investors that his government is committed to creating an enabling environment and will work with the private sector in order to reduce the cost of doing business.

"We will continue with the spirit initiated by the former government to ensure peace and an enabling business environment is maintained throughout the country to allow business to thrive, we shall continue to offer incentives through various tax rebates and enact legislations aimed at reducing the cost of doing business," he said, at the anniversary also attended by Sri Lanka President Mahinda Rajapaksa.

Industrialist Chris Kirubi who is also the Capital Group Limited Chairman, was part of the top investors at the anniversary where President Kenyatta urged the private sector to fully engage the government and form partnerships to support the growing energy sector.

President Kenyatta also assured that his government is concentrating on putting in place the necessary infrastructure to ensure smooth running of projects in order to ensure that the private sector undertakes its responsibilities without any delays.

He hailed KEPSA's role in youth empowerment and employment with the launch of the Kenya Youth Employment Progamme that has about 10,000 youth getting trained through internship programmes in various sectors of the job industry.

The president said that his government is committed to ensuring good governance and integrity in the job market.

"With this, we shall ensure proper work ethics, something that will no doubt attract more private investors in the market. My government will deal with corruption in all sectors as we aim to achieve this," he stated.

The Head of state has also assured the investors that his administration is committed to expand the road network in the country to enable them access to markets.

Since 2008, KEPSA has chosen to be more proactive and engage with all stakeholders to sustain a prospering Kenya, mainly focusing on high level advocacy, and projects that result in national development and improving services to members.

On his part, KEPSA Chairman Vimal Shah said that the private body has come a long way in the past 10 years.

"Through the 10 years we have been able to unite the voice of the entire private sector," Shah said.

"In the next three years, we want the country to be at number 50 in the business index," he said.

KEPSA was incorporated in August 2003 under the Kenya Companies Act (Chapter 486 of the Laws of Kenya) as a company limited by guarantee to facilitate effective advocacy and the promotion of members' interest.

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