Chamber boss Richard Ngatia woos German investors to Kenya
The Kenya National Chamber of Commerce and Industry (KNCCI) president Richard Ngatia has stressed the need for the country to deepen trade ties with Europe.
He spoke while representing the Kenya business sector at the Berlin Energy Transition Dialogue in Germany.
“Kenyans are willing to learn and ready to do business,” he explained.
“There are several opportunities back at home that need to be exploited and we are keen on partners who can invest. They are assured of returns because the market is conducive.”
Present at the meeting was President William Ruto, plus Cabinet Secretaries Davis Chirchir (Energy), Sopian Tuya (Environment and Forestry) Kipchumba Murkomen (Roads, Transport and Public Works) plus Akinwumi Adesina, the African Development Bank Chief Executive.
President Ruto spoke on the urgent need to scale down climate-incompatible funding to free funds for climate action to unlock more concessional finance and lower risk.
Kenya is facing a severe drought following three failed rain seasons that negatively impacted farming and the production of food.
As a result, the country has had to import maize and dairy products from Uganda, Tanzania and Zambia.
The Head of State’s visit to Germany is aimed at encouraging investment opportunities from Germany.
President Ruto has made it clear that Kenya is ready to partner with businesses, especially in the areas of renewable energy, infrastructure, digital economy, housing, and agriculture, among others.
The Kenyan delegation has used the opportunity to persuade international businesses to grasp emerging opportunities that will be drawn from Kenya’s stronger and broader relations with Germany.
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