Industrialisation CS Adan Mohamed during the private sector breakfast on business reforms in Kenya at the Intercontinental Hotel on June 19, 2017. PHOTO | DIANA NGILA
Kepsa event held in Nairobi heard that investors enjoy handsome profits with many expanding their reach in the East African Community.
Multinationals and small and medium enterprises (SMEs) say Kenya remains a lucrative investment hub with returns far much higher than in rival destinations.
The Kenya Private Sector Alliance (Kepsa) event held in Nairobi heard that investors enjoy handsome profits with many expanding their reach in the East African Community.
Billionaire businessman Chris Kirubi said his latest Sh16 billion investment, Two Rivers Mall, had seen its worth grow by 40 per cent in the past three months since completion, which, he said, shows that Kenya was a profitable investment destination.
“We need to commit ourselves to creating activities that promote commercial activities among the youth and women.” he said.
“This is Kenya’s strength that should be harnessed and we must not condemn youths when they try innovative ways to earn money.”
Coca Cola East, Central and West Africa general manager Ahmed Rady said the firm had committed funds to create 10,000 jobs in the next year by engaging fruit farmers and the youth keen on running small retail businesses across Kenya.
Barclays #ticker:BBK CEO Jeremy Awori said at the event dubbed ‘Why the Future is Kenya’ it was holding talks with government to fund women and youth-led businesses that win public tenders.
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