Politics and policy
Deputy President William Ruto at a past event. PHOTO/DPPS
By DPPS
In Summary
- Plans were underway to produce additional 5,000 megawatts in the next three years
- Kenya is creating a competitive and enabling business environment through focus on labour, power, infrastructure and logistics
Deputy President William Ruto has urged local
and international investors to take advantage of numerous investment
opportunities in Kenya.
The Deputy President said the Government will
continue to focus its efforts on providing affordable electricity and
improve infrastructure for the country to attract investors saying the
private sector was the engine to economic growth.
Mr Ruto said Kenya has investment opportunities in key economic sectors that needed to be exploited.
Speaking during a dinner hosted in honour of
Textile and Apparel investors held at the Safari Park Hotel, Nairobi
Wednesday evening, the Deputy President said Kenya valued investors as
partners in development.
“I wish to proudly confirm that we are ready to do
business with you. I am confident that if you are looking for a
business destination, then I want to assure you this evening that you
have found the destination,” Mr Ruto said.
“We want to make Kenya the least cost destination for investments,” he added.
Noting that the cost of energy, logistics and
transport were the major components that contribute to the economic
growth, the Deputy President said plans were underway to produce
additional 5,000 megawatts in the next three years to make power cheaper
not only to Kenyans but also to manufacturers.
He further said the Government expects to tarmac 10,000 kilometres of roads to ease transportations problems.
Mr Ruto singled out the construction of the
standard gauge railway from Mombasa to Nairobi as one of the
Government’s efforts to address the problem of high cost of transport.
“Kenya is creating a competitive and enabling
business environment through focus on labour, power, infrastructure and
logistics,” he said.
The Deputy President told the forum that the
country has the availability of large pool of skilled workers with
highest productivity in Sub-Saharan Africa.
“This country has well trained productive,
efficient, motivated and self-driven citizens. I want to say that we are
proud of our labour force,” he said.
In a bid to improving the textile industry, the
Deputy President said the county governments have intensified and
diversified on growth of cotton.
He said Kenya’s initiative to make the country the Africa’s textile hub was being championed by Industrialisation ministry.
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