NAIROBI, KENYA - The period immediately before the general election witnessed heightened apprehension especially from the business community with fear of violence during campaigns and at the general elections.
According to the Director General of the Vision 2030, Kenya’s development blueprint for the next 20 years, business is back to normal and investment inquiries are now being witnessed within the relevant bodies.
“Kenya has seen an increased confidence in terms of being a choice destination for investment. The information that we have got indicates that either people holding Kenyan assets or people willing to invest in Kenya feel that they are confident enough to continue doing business in Kenya and this is because of the peacefully concluded General Election,” Mr. Mugo Kibati said.
He however challenged the country government to do much in assuring investors of their security while operating in the counties and that of their businesses and property.
Kenya has now adopted a devolved system of government with power and resources now dispatched to the regional governments. The county governors in the 47 units are charged with attracting investment in their respective areas of jurisdiction as apart from funding from the central government, the counties will be required to be self-sustaining.
In retaining and attracting investments, the Kenyan government will need to address the escalating costs of electricity. The Kenya Power Electricity Company is already mulling a fourfold increase in electricity charges in efforts to increase generation. All eyes will however be on how the incoming government led by President-elect Uhuru Kenya and his running mate William Ruto go about attracting investment and at the same time keeping the costs of doing business low.
Mr. Kenyatta, has already met the Kenya Private Sector Alliance (KEPSA) and assured them of government support.
He has asked the business community to nominate one of their members to be stationed at the Office of the President and act as a liaison.
According to the Director General of the Vision 2030, Kenya’s development blueprint for the next 20 years, business is back to normal and investment inquiries are now being witnessed within the relevant bodies.
“Kenya has seen an increased confidence in terms of being a choice destination for investment. The information that we have got indicates that either people holding Kenyan assets or people willing to invest in Kenya feel that they are confident enough to continue doing business in Kenya and this is because of the peacefully concluded General Election,” Mr. Mugo Kibati said.
He however challenged the country government to do much in assuring investors of their security while operating in the counties and that of their businesses and property.
Kenya has now adopted a devolved system of government with power and resources now dispatched to the regional governments. The county governors in the 47 units are charged with attracting investment in their respective areas of jurisdiction as apart from funding from the central government, the counties will be required to be self-sustaining.
In retaining and attracting investments, the Kenyan government will need to address the escalating costs of electricity. The Kenya Power Electricity Company is already mulling a fourfold increase in electricity charges in efforts to increase generation. All eyes will however be on how the incoming government led by President-elect Uhuru Kenya and his running mate William Ruto go about attracting investment and at the same time keeping the costs of doing business low.
Mr. Kenyatta, has already met the Kenya Private Sector Alliance (KEPSA) and assured them of government support.
He has asked the business community to nominate one of their members to be stationed at the Office of the President and act as a liaison.
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