Chinese investors in Kenya scouting for opportunities

By Judith Akolo

Kenya Investment Authority Managing Director Dr. Moses Ikiara says fears of a shift in investments following the election of Donald Trump as US President are unfounded.

Dr. Ikiara maintains that Kenya is on course to attract the targeted 200 billion shillings foreign direct investments this year.

The Kenyan business environment was ranked at position 92 out of 190 economies in the latest World Bank ease of doing business, up 21 places.

This was mainly driven by improvement in the protection of minority interests, ease of getting electricity, accessing construction permits, registering property and trading across borders.

Buoyed by this and ongoing reforms, Kenya is targeting a below 50 ranking by the World Bank in terms of ease of doing business in four years.

Kenya is ripe for high economic growth rate driven by ongoing infrastructural projects including roads, railways and airports.

Ikiara says the high profile conferences and visits by world leaders to the country in the last two years, have presented “hanging fruits” in terms of investment opportunities which Kenyans ought to take advantage of.

He was making a presentation at the 2016 Kenya-Hubei China Trade and Investment Seminar in Nairobi.

 

  

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