Kenya pledges conducive environment to attract venture capital

Kenyan President Uhuru Kenyatta
Kenyan President Uhuru Kenyatta

Kenya on Tuesday pledged to provide world-class services to foreign investors in order to attract venture capitalists to the country, an official said on Tuesday.

Moses Ikiara, managing director of Kenya Investment Authority (Keinvest), said the government will maintain a favorable investment climate in order to address constraints faced by investors.

“We want investors to find Kenya the ideal country to do business. In order to achieve this, we shall identify the issues that keep them awake at night,” Ikiara said during the launch of Japan-Kenya business dialogue.

The idea was birthed by Kenya’s President Uhuru Kenyatta and Japanese Prime Minister Shinzo Abe during the Tokyo International Conference on African Development (TICAD 7) conference held in August in Japan where they agreed to establish the Japan-Kenya business dialogue as a common platform for working together to resolve various business issues in Kenya.

The dialogue aims to expand trade and increase investments between Japan and Kenya by identifying obstacles and challenges the two nations face in doing business with each other. Enditem


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