President Kenyatta urges entrepreneurs to invest in energy sector

Written By: Benson Rioba

President Uhuru Kenyatta has urged entrepreneurs to leverage on investment opportunities in the energy sector.

The President says the Government looks at energy access as a national priority and a key booster for investment and growth.

The government has been targeting to reduce the cost of power as well as increase connectivity of more Kenyans to the national grid under the Last Mile Connectivity Project.

President Kenyatta says his government will continue to partner with the private sector to generate more electricity in the country.

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The President pointed out that in the last five years, the Government has worked with the private sector and significantly increased generation and delivery of electricity to the Kenyan people.

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The Africa-France Business Forum and the Stars in Africa programme that focuses on youth entrepreneurship and innovation were launched today.

The French Business Confederation President Pierre Gattaz, who is also the Vice-President of Business Europe, has affirmed the commitment of the largest French business confederation to work with Kenya to achieve President Kenyatta’s Big Four Agenda, especially in manufacturing to create jobs.

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The French Business Confederation represents 75 per cent of French companies of all sizes and in all sectors of the economy.

Gattaz said the delegation’s visit to Kenya was a response to President Kenyatta’s invitation when he was on a State visit to France in 2016.

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Kenya Private Sector Alliance CEO Carole Kariuki expressed confidence that the right policies, culture and change in the education system will improve youth employment in Kenya and across the continent.

In the next five years, the Government intends to expand manufacturing and increase its contribution to GDP from 9 percent to 15 percent; achieve universal health coverage, facilitate the construction of half a million low-cost houses and ensure food security.

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