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Kenyan ambassador urges Minnesota companies to invest in Kenya

Published on June 15, 2015

Kenyan ambassador on Monday asked Minnesota business leaders to sharpen their focus on East Africa, a region ripe for infrastructure and other investments as its political and commercial climates stabilize.

Ambassador Robinson Njeru Githae pinpointed opportunities, particularly through public-private partnerships, targeting Kenya’s fast-expanding energy and education sectors. He also flagged much-needed roadway improvements and an increasingly sophisticated medical industry and noted space for manufacturing growth.

As in other rising countries around the world, a fast-growing middle class has increased the cash flowing through the Kenya economy and boosted demand in the country for higher-quality products and services – major draws for businesses and investors from more established economies.

“Kenya is ready for takeoff,” Githae told about two dozen business leaders at a breakfast discussion hosted by the Minnesota Chamber of Commerce. “The investment opportunities are huge and I would like the business people from this great state to think about how you can invest in this country.”

A push for a bigger U.S. buy-in comes about a half-decade after Kenya drafted a more liberal constitution that, in part, makes it more commercially accessible and inclusive for domestic players and those abroad. In addition, an anti-corruption campaign has weeded out dozens of problematic officials. Read more. Source | Finance and Commerce