“Kenya has a Stable and Conducive Investment Environment,” High Commissioner to British Investors

 

On 16th May 2017, the High Commissioner of Kenya to the UK H.E Lazarus Amayo held a meeting with key British investors during the Kenya Investor Dinner Briefing held at the Clyde & Co. in London. The dinner which was organised by Agnes Gitau, Partner at GBS Africa and hosted by Clyde & Co. was graced by representatives from Barclays Africa Group Ltd, Deloitte, Pagefield, Royal African Society, IFAAS Group, Ashberg Ltd, CITI, HSBC, Fieldston, BCA Africa, K2 Intelligence, Credit Suisse, 8 Miles, Fiducia Partners, GBS Africa, TLG Capital, and Clyde &CO.

In his address, the High Commissioner thanked Ms. Agnes Gitau, Partner at GBS Africa and Clyde & Co. for organizing and hosting the dinner respectively. He also extended his appreciation to the investors for attending the dinner noting that it created an opportunity to strengthen the bilateral relations between Kenya and the United Kingdom. The Head of Mission informed that Kenya’s economy had undergone steady growth registering a 5.8 percent growth in 2016 and that it is expected to grow at 5.9 % in 2017. He stated that Kenya has a stable and conducive investment environment and that its World Bank ranking statistics improved from 136 to 92, largely due to reforms in getting credit, electricity, and ease of starting a business.

The High Commissioner encouraged the British companies present to invest in Kenya noting that it is the largest and most advanced economy in East and Central Africa with an emerging, urban middle class that has registered increasing demand for high-value goods and services. “Kenya is strategically located in the sub-region and has undertaken substantial transformation in infrastructure, greatly reduced the cost of doing business and has a large pool of highly educated, skilled and sought after workforce in the continent. It is also a member to several trade arrangements including the Tripartite Free Trade Area cooperation with a potential market of over 600 Million people” he said.

The High Commissioner assured the investors that the Government is committed to protecting its citizens, visitors & private property. He further reiterated that cases of illegal grazing in Laikipia as a result of drought had been contained. He noted that the Independent Electoral and Boundaries Commission (IEBC) has been amply facilitated in its functions and was confident that the August 2018 elections will be well managed, free and fair.

He concluded by indicating that Kenya is keen to engage with the UK in order to ensure predictability and continuation of the existing Duty-Free Quota-Free market access conditions for Kenya’s exports to the UK market.