9 August 2014

Kenya: Kandie's Invite to American Investors

Tourism Secretary Phyllis Kandie has called for American investment in Kenya.

Kandie's speech was yesterday read on her behalf by Kenya Investment Authority managing director Dr Moses Ikiara.

He attended the US-Africa Leaders' Summit in Washington, DC, US.

Governors Peter Munya (Meru), William Kabogo (Kiambu) and Godana Doyo (Isiolo) were present.

Ikiara addressed American policymakers, industry captains, tour operators, travel agents and investment bankers.

They gathered at the Council on Foreign Relations headquarters in New York.

Kandie said Kenya is the place to invest to access local and regional markets.

She welcomed American investment in manufacturing, agrobusiness and tourism.

"Our country is safe, open for business and ready to facilitate investors," Kandie said.

She said the national government will set up a commodities exchange to create a commercial interface between demand and supply sides of trade.

Doyo said Isiolo will play a critical role in transforming the nation's economic growth.

"We are building a brand--new resort city, airport and an economic hub targeting Ethiopian and South Sudanese markets," he said.

Munya said the government is seeking to attract investment in agro-processing in tea, coffee, bananas and fruits.


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