British Prime Minister Theresa May, has announced the entry of twenty new UK businesses in Kenya, a feat she termed as a clear demonstration of the confidence the British business community has in Kenya’s attractive investment environment.
The Prime Minister said Africa is a continent destined for greater development having the most youthful population whose energy need to be harnessed through the creation of job opportunities by empowering the private sector.
She noted that economic prosperity in Africa can be achieved through partnerships between the business community and political leadership.
“As I travelled across Africa, I talked a lot about partnerships, the need for nations, governments and businesses to work together in order to tackle shared challenges,” said PM May. Referring to Africa’s youthful population as an economic asset, the British Prime Minister said:
“Here in Kenya you have some of Africa’s vibrant and creative young people. To harness their potential, the young people need access to food and well-paying jobs which can only be achieved through private sector involvement.”
In his remarks, President Kenyatta assured the private sector of his commitment and support to creating a conducive environment for doing business. The Head of State observed that the meeting between high level business delegation from Britain accompanying the PM and their Kenyan counterparts enabled by the Government was a clear indication that his administration places the private sector at the heart of Kenya’s economic development.
“With the Big 4 agenda in place, my Government is ready to offer any support to any investor willing to venture into any of the sectors involved including manufacturing so as to move this country’s exports up the value chain and supplement our existing export offerings,” said the President.