NAIROBI (Xinhua) --
Kenyan and visiting United States investors on
Thursday signed agreements valued at 100 million U.S. dollars
during a day-long conference in Nairobi.
agreed upon cover both public and private sector investments and
will mostly be channeled into Big Four leaning projects that
focus on affordable healthcase, manufacturing, food security and
According to a document released during the meeting, some of
the agreements agreed upon include a 20 million dollar deal
between the Kenyan government and American firm Medtronic for a
medical dialysis centre whose scope will cover strengthening
specialized medical services in the country.
Others include a partnership agreement between:
Rendeavour and Unity Homes for the construction of 1,200
affordable homes in Tatu City in Kiambu County east of
Nairobi, worth about 40 million dollars;
a 10 million dollars credit line from World Business
Capital to Victoria Commercial Bank as well as projects and
investments financing arrangement between USAID Power Africa
and the Kenyan government designed to enable Kenya achieve
its objective of ensuring universal electrification by 2022.
President Uhuru Kenyatta who led senior government officials
at the conference negotiated the deals with U.S. private sector.
Meanwhile, the American government said it also signed a
Cooperation Framework with Kenya showing commitment to
supporting Kenya’s energy sector goals.
According to government statistics, the U.S. is Kenya’s
seventh largest trading partner with overall trade standing at
1.04 billion dollars for the year 2017. It is also Kenya’s third
leading export destination at 470 million dollars.
Kenya assures U.S.
investors of stable business environment
NAIROBI (Xinhua) -- Kenyan President
Uhuru Kenyatta on Thursday assured U.S. investors that Nairobi
has a conducive business environment and urged them to invest in
various sectors of the economy.
Kenyatta said the American private sector has a competitive
advantage in housing, health technologies and pharmaceuticals
aspects that his administration is looking at tapping into.
"We anticipate that American investors would bring in
knowledge and technology transfer," he told a 60-member American
delegation attending a bilateral conference which is organized
by the U.S. Chamber of Commerce.
The day-long conference is aimed at interrogating President
Kenyatta’s investment opportunities in his Big Four development
agenda which focuses on affordable healthcare, housing,
manufacturing and food security.