Kenya wins investor pledges

Posted On Monday, 29 March 2004 02:00 Published by eProp Commercial Property News
Rate this item
(0 votes)

Nairobi - An international conference aimed at attracting foreign capital to Kenya has wrapped up with investors pledging to set up projects in the country, government ministers said.

Peter Anyang' Nyong'o

"We succeeded in giving adequate time for the interaction through breakaway sessions that enabled us to cover a very widerange of issues in infrustructure and agro-processing," National Planning Minister Peter Anyang' Nyong'o told the closing session in Nairobi.

"Some potential investors pledged to set up projects in the country," the minister added.

Officials said the country managed to clinch investors in potato processing and growing of vanilla sectors, areas that have never been explored in the country.

Trade Minister Mukhisa Kituyi said the government would create an investment code to speed up licensing procedures, which investors said were too cumbersome.

Kenyan President Mwai Kibaki pledged during the conference to improve shoddy infrustructure and completely stamp out graft, which had made several investors to flee the country during the reign of retired President Daniel arap Moi.

The government has already enacted laws aimed at enhancing fiscal discipline and eradicating corruption.

Last modified on Thursday, 17 April 2014 09:30

Most Popular

Pam Golding Properties achieves record price of USD13.6m for sale of luxury home in Mauritius

Mar 12, 2024
Villa sold for USD13.6m Mauritius, patio & pool
The Mauritius office of Pam Golding Properties has sold a six-bedroom, luxury beachfront…

Simplified capital structure and operational performance delivers strong 1H2024 results for Fortress Real Estate Investments

Mar 12, 2024
Cornubia Ridge LP_March 2024
Fortress Real Estate Investments delivers strong 1H2024 results: Simplified capital…

Dipula and REO’s innovative approach to tenant installation for EOH grows a sustainable furniture initiative

Mar 12, 2024
Interior EOH in Montrose Place at Waterfall Park in Midrand 3
Dipula Income Fund’s new lease with EOH for the Montrose Place at Waterfall Park in…

Please publish modules in offcanvas position.