US Ambassador to Kenya Kyle McCarter. FILE PHOTO | NMG
US Ambassador Kyle McCarter has urged US pension schemes to invest in Kenya.
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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