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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Kenya investment climate to withstand election jitters: lobby  

NAIROBI (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 election jitters.

“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 three-day exhibition.

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 investment hub.

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.

             

 

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