October 23rd 2017

Business / News

President Kenyatta woos Slovakian investors to Kenya

In technology, the two countries hope to share innovations, especially around the ease of doing business and money transfer. “Kenya is known for its tea and coffee, but it was fascinating to learn that the transfer of money in Kenya is much easier compared to Europe,” said Mr Kiska.

By Liza Makenalmakena@kenyafreepress.comTuesday, 14 Feb 2017 17:19 EAT

President Kenyatta has opened bare investment opportunities the country can offer Slovak companies willing to invest in Kenya saying it’s the most ideal country in investment destination. Welcoming Slovakian President Andrej Kiska and his delegation, the President outlined the strategic geographical location, vibrant financial services sector, increasingly well-developed infrastructure, heavy investments in energy and ongoing regulatory reform, saying Kenya is one of the most suitable entry points for foreign investors seeking to access the African market. 

“The economic rise of an increasingly stable and secure African continent, the advent of the digital age, and the abundance of young educated and sophisticated talent that exists on the continent, are just a few of the factors that have converged to make this continent a strategic investment destination and a worthy partner for the future,” said the President. He was speaking at State House, Nairobi, last evening when he and First Lady Margaret Kenyatta hosted a state banquet in honour of the visiting head of state who is on a three day visit.

Kenya’s tea sector is set for a major boost after Slovakia expressed interest in it as a possible investment area. At a press conference yesterday, Slovakia President Andrej Kiska said his country is looking to invest in Kenya’s tea, coffee and technology industries. In technology, the two countries hope to share innovations, especially around the ease of doing business and money transfer. “Kenya is known for its tea and coffee, but it was fascinating to learn that the transfer of money in Kenya is much easier compared to Europe,” said Mr Kiska.

“We have developed our infrastructure as one of the ways to reduce the cost of doing business, attracting major investments,” said Uhuru, adding that the new trade talks with Slovakia would go a long way towards reducing the trade gaps. “This represents a big milestone in our bilateral relations and we can only anticipate our ties to grow stronger.” Slovakia is one of Europe’s fastest-growing economies, with foreign direct investments fueling much of this growth.

Mr Kiska commended President Kenyatta for putting the interests of Kenya and its people above all other things. He said while most politicians were obsessed with power, President Kenyatta has demonstrated good leadership by conducting the affairs of the country in an honest manner. The banquet was also attended by Deputy President William Ruto, Chief of Defence Forces General Samson Mwathethe, cabinet secretaries, diplomats and other senior Government officials.

Kenya being a developing country, anticipated investment from Slovakia will create more opportunities for unemployed people to get jobs and those that want to venture in businesses to start and have more ideas. Kenya will grow at a high rate thus enabling foreign investors to access the African Market. President Kenyatta has made the best decision and this idea will shape up the minds of many Kenyans and people will start getting out of their comfort zone.

This investment will also lead to increase in economic growth whereby both countries will negotiate in different areas such as fighting corruption, terrorism in Kenya other than focusing on businesses alone. I believe this is a platform that will also shape me simply because I am interested in venturing into my own business. It will all good willing, good relationships and mutual understanding between both countries i.e. Kenya and Slovakia.

President Kenyatta will also consider the rights of Kenyans thereby putting them as first priority and many Kenyans are going to appreciate him for his good work  and showing good leadership in the country .I believe even the government officials , cabinet secretaries are going to support this idea simply because it’s also going to benefit them.

It will also enable businesses in the rural areas to expand in that the more entrepreneurs are going to attend any summit that might be conducted by the President and any other public figures thus they will be educated and share ideas to help them expand in their businesses.

More investors are going to come up and make Kenya a wonderful country which will attract many people both locally and internationally. It will also boost the economy of Kenya and share innovations.

.





Stay Connected