Kenya has launched a global campaign aimed at attracting quality investments.
President William Ruto said, this will offer high returns on investment with a relatively low risk. He argued that it is crucial but not enough to talk about the ease of conducting business in the country.
During his Israel Investor Roundtable Forum in Tel Aviv on Wednesday, the President expressed his desire for Kenya to become one of the top economic hubs in the world.
The president stated that Kenya has enacted laws to protect investment and liberalized the foreign exchange regime.
“Our laws permit and support the repatriation of profits by foreign companies,” he said.
The President noted that the nation’s tax structure is being reviewed to be in line with the country’s foreign investment promotion plan.
The president urged investors to invest in Kenya’s housing, water, clean energy, irrigation, health and ICT sectors.
“We are also pursuing a plan of cooperation in tourism, culture and heritage and film production,” the president added.
The head of state reaffirmed that Kenya is the best place for foreign companies to invest because of its strategic location, highly skilled human resources, and stability.