The Hub played an active role at the just concluded Kenya International Investment Conference 2015. In addition to sponsoring the event, the Hub provided technical support to partner KenInvest for the agribusiness, textiles, leather and ICT streams. U.S. Ambassador to Kenya Robert Godec took part in the opening panel on doing business in Kenya and East Africa. Some of the highlights of the conference were:
Left: Innovative financing solutions for agribusiness panel, Hub Director of Investments on the far right. Right: Investor field trip to RealIPM.
- The Deputy President of Kenya, Hon. William Ruto, reiterated the government's commitment to making it easier and less costly to do business in Kenya. He pointed to the rapid improvement of Kenya's ranking in the World Bank's Ease of Doing Business report as evidence of the government's efforts in this regard.
- The Deputy President also officiated the official launch of the Oxford Business Group’s Report: Kenya 2016. Oxford Business Group noted that Kenya's economic performance over the recent past has been very consistent year on year, creating stability for investors.
- Ambassador Godec said that Kenya has made clear progress economically. However, there are still challenges such as corruption that need to be dealt with firmly. The U.S. is committed to working with Kenya.
- The Hub's Director of Investment was a panelist on innovative financing avenues for agribusiness. Value addition, input financing, aggregation hubs, information platforms & trade finance were noted as key areas to increase investment in agribusiness.
- The Hub, in partnership with VC and accelerator Nest Africa and financial advisory firm InvHestia, facilitated 5 investment-ready technology startups to the event where they pitched to potential investors. The five were also listed on Nest's investor matchmaking platform here.
- The Hub facilitated an investor trip to RealIPM, an innovative agribusiness that produces predatory mites, bio-pesticides and bio-fertilizers.