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Kenya: President Kenyatta Urge Foreign Firms To Invest In Lamu Port
 
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Wed, 30 Sep 2015   ||   Kenya, Nairobi
 

President Uhuru Kenyatta while on the sidelines of the UN General Assembly invited American firms to invest in the multi-billion Lamu Port project.

President Kenyatta argued that Kenya had taken measures to make it easier for investors to conduct business explaining further that the country had opened up opportunities for US multinationals to invest in mega infrastructure projects such as the Lamu Port-South Sudan-Ethiopia project, which links the region.

This was the second time the President was marketing Kenya to American investors, on the sidelines of the UN General Assembly.

President Kenyatta said when US President Barack Obama visited Kenya in July, they agreed to open up business opportunities for American companies.

He said he was making a follow up, for finance and technology firms to invest in Kenya and neighbouring countries.

"I am here to tell you that Kenya is ready for business and we have taken necessary measures to make it easier for you to invest in Kenya," he said.

He was speaking during a breakfast meeting with American firms, which have come together under the umbrella of Corporate Council (CCA) for Africa at the Waldorf-Astoria Hotel in New York.

The CCA, which has more than 170 multinational companies on board, is a non-profit membership organisation established in 1993 to promote business and investment between the US and Africa with a focus on infrastructure, energy, agribusiness, security, power, health, ICT and finance.

 

 

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