(Xinhua) -- Kenya’s
investment climate will remain resilient this year despite
rising political temperatures ahead of the August general
elections, a senior trade lobby official said Tuesday.
Laban Onditi, vice chairman of the
Kenya National Chamber of Commerce and Industry, said the
investment climate in Kenya was on a positive trajectory despite
“We are optimistic the business
environment will not be affected by the heightened campaigns
leading to the August polls. Our economy is resilient enough
to withstand external shocks,” Onditi said.
He made the remarks while announcing
an exhibition by Indian companies to be held from January 11 to
13 in the Kenyan capital Nairobi.
An estimated 90 Indian firms drawn
from diverse sectors like healthcare, automotive, education, ICT
and manufacturing will be showcasing their products during the
Onditi said dozens of business
exhibitions to be held in major towns in the first quarter of
this year reinforces Kenya’s reputation as a regional trade and
Kenya’s trade lobby has partnered with
the state to develop a national investment policy that will be
enacted by April.
Onditi said Kenya has legal and policy
tools to facilitate investments in strategic sectors of the
economy regardless of possible shifting political dynamics.
Kenyan President Uhuru Kenyatta in
early December assured the business community that his
government is committed to free, fair and peaceful general
elections to avoid disruptions to the economy.