Kenya needs to do more to become preferred gateway to Africa for investors

Kenya needs to do more to become preferred gateway to Africa for investors

October 24, 2019 0 By mykenyancareers
RUTO ADDRESS - Kenya needs to do more to become preferred gateway to Africa for investors
He said the country must adopt a radical and progressive stance in reforming the business and regulatory environment/FILE

NAIROBI, Kenya, Oct 24 – Deputy President William Ruto has said Kenya has to do more to make it a preferred gateway to Africa for investors.

He said the country must adopt a radical and progressive stance in reforming the business and regulatory environment.

“Intensified collaboration between the Government, development partners and the private sector would firmly drive Kenya into being the continent’s business hub,” he said during the launch of the World Bank’s Doing Business in Kenya 2020 Report on Thursday in Nairobi.

Ruto said despite being ranked 56th globally out of 190 countries, first worldwide in the Protecting Minority Investors indicator and third in Sub-Saharan Africa, Kenya should not rest on its laurels if it is to rewrite its economic trajectory.

By putting in more effort in pro-business policies and programmes, the Deputy President noted that more international flows would be realised, and more jobs and wealth generated.

Leaders present during the function were East African Community CS Adan Mohammed, World Bank Group, Finance Competitiveness and Innovation Regional Focal Point Augustine Langyintuo, Development Partners Representative Julius Court, Head of Public Service Joseph Kinyua and Kenya Private Sector Alliance CEO Carole Kariuki.