US Ambassador to Kenya Kyle McCarter. FILE PHOTO | NMG
Mr
McCarter told a visiting US private and public pension managers that
the Trump-Kenyatta administrations had also pledged to work together to
eliminate graft, improve security as well as establish a platform for
business.
“Kenya-US partnership is a strategic one that
seeks to boost security in both countries. Our role is to boost direct
US investments in Kenya while ensuring locals benefit from the
investments,” he said early this week.
Addressing
visiting members of the US National Association of Securities
Professionals (Nasp), the envoy said the Sh350 billion Nairobi-Mombasa
road contract to be implemented by US company, Bechtel, will be signed
on April 17.
“The Trump-Kenyatta partnership is about
investments, security, support and development. Kenya is already a hub
for numerous US companies where we have spent over Sh1 billion in
improving healthcare, agriculture, education and security,” he said.
The
anti-graft war has attracted severe scrutiny with the latest being
three dams where Sh21 billion was reportedly spent without work.
Kenya Pension Fund Investment Consortium (Kepfic) chairman
Sundeep Raichura said 14 investment schemes in Kenya controlling Sh254
billion had expressed interest in partnering with their US counterparts
to fund local infrastructure projects.
Nasp chairlady
Donna Sims Wilson, who is heading the lobby Mobilising Institutional
Investors to Development Africa’s infrastructure said American funds
were looking at various Kenyan sectors including infrastructure for
investment.
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