CEOs and other business leaders from Asia, Europe and Kenya believe that Kenya will become a top investment destination within the African continent if the country can reach its full potential if governments address several factors such as over-taxation. He has expressed confidence in becoming a top destination for the home.
Speaking at the CEO Conclave and Investors Dinner held at a Nairobi hotel on Saturday night, business leaders from around the world urged governments to boost the economy and create more jobs for young people. He urged them to focus on creating a favorable business environment.
Investors say Kenya has great potential if some sectors are streamlined. Investors noted that Kenya has the necessary raw materials and highly skilled labor.
They said Kenya is attractive to most investors because it is a strong market waiting to be developed, citing good reasons why the government needs to do more to attract investment.
Photo of a man from a manufacturing company
photograph
alliance employment services
Rommel Santos, CEO of Integrative Laser and Complementary Medicine (ILACM), an Australia-based Filipino entrepreneur, said there are numerous business and investment opportunities in Kenya.
“From an investor perspective, I see a lot of CEOs growing from here,” he said.
Mr. Santos further praised the current government for identifying the digital sector as the next frontier and taking steps to ensure that up-and-coming talent has sufficient skills to work in the digital age.
Meanwhile, Chongyin Poultry Breeding Company president Dr Zulaimi Jumaat said the company was exploring ways to enter the Kenyan market.
Jumaat said his company would bring the expertise, technology and infrastructure to set up shop in Kenya.
Additionally, International Franchise Specialist David Sweeney emphasized the need to create a favorable environment for companies to expand nationally and globally.
However, investors pointed out that more needs to be done to attract more investors to the country.
Additionally, investors asked the government to cut taxes so as not to scare away potential investors. This led to an increase in production, they noted.
A statement issued by Ministry of Trade officials on behalf of CS Rebecca Miano assured investors that the government is working to reduce the cost of doing business in Kenya.
Additionally, representatives of the Moms Doing Good initiative, led by First Lady Rachel Ruto, noted that Kenya is a major investment destination due to its young population and high literacy rate.
this is, The African Economic Outlook (AEO) report 2023 reveals: Investors were fleeing Kenya due to the weak shilling.
A person counting money in Kenyan currency.
photograph
Kenyans.co.ke
