President William Ruto of Kenya has launched a global campaign to attract quality international investments in the country.
During his visit to the Israel Investor Roundtable Forum in Tel Aviv, he emphasized that the new move will provide excellent returns on investment at a relatively low risk.
He added that it is necessary to talk about the ease of doing business in the country, but not enough, and the government is keen on making Kenya one of the world’s top business hubs.
President Ruto noted that Kenya’s legal system provides robust protection for property rights and an equally strong rule of law mechanism.
The country has enacted laws to protect investment and liberalized the foreign exchange regime.
Besides these, Kenya’s tax system is under steady review to align with the country’s investment promotion plan. The President urged investors to put their resources in Kenya’s housing, renewable energy, health, water and irrigation, as well as ICT sectors.
He reiterated that Kenya is the ideal investment destination for foreign businesses due to its strategic location, highly-skilled human resources, and stability.