President Uhuru Kenyatta has urged UK investors to take advantage of 10 opportunities in Kenya worth up to $5 billion (Sh542 billion).
Speaking at an investor forum in London on Tuesday, Uhuru said that Kenya has created an environment that makes it a key investor destination.
He noted that on the Public-Private Partnership front, Kenya has adopted a private sector-led growth strategy as an integral component of Vision 2030 and the Big Four Agenda.
"We now have the opportunity to further deepen our excellent historical relationships, by offering a number of ripe PPP investment opportunities in Kenya. I invite the private sector in the United Kingdom to partner with us as we deliver on this vision for the people of Kenya," Uhuru said.
The 10 projects that the president listed are; Nairobi Smart Street Lights Project; Nairobi Bus Rapid Transport System; Intelligent Traffic Management System Project; Galana Kulalu Food Security Project; and Lamu Fishing Port Project.
The others are Moi Teaching and Referral Hospital Training Complex Project; Mombasa Industrial Park; Meru Cancer Centre Project; Kenyatta National Hospital Project; and Lamu Port Project.
At the same time, Uhuru has witnessed the signing of two agreements aimed at enhancing investor engagement between the UK and Kenya.
The signing was done at Maison House in London where he and UK Foreign Secretary Dominic Raab were hosted by Lord Mayor William Russell.
The first was an MoU Launching cooperation Between Nairobi International Financial Centre Authority and The City UK.
The MOU will provide strategic access to City UK members that have a strong interest in investing and doing business in Kenya.
The second was letters of intent between Prudential Plc and the NIFC Authority.
The letters of intent are the beginning of the formal application process to establish Prudential’s regional Africa headquarters in the NIFC. This will be the first firm to be established in the NIFC.
Exchange rate as of July 27, 2021: $1=Sh108.5
