President William Ruto has continued to woo foreign investors on the sidelines of the ongoing United Nations General Assembly in New York.
This is part of his elaborate plans to resuscitate the economy.
Ruto, who was sworn in a week ago, has said he is inheriting an economy that is on its knees and laden with huge debts, inflation and joblessness.
He however promised to help rebuild it.
The President said Kenya is now ready for investments, having demonstrated her democratic maturity in the recent election.
He spoke on Wednesday while holding a roundtable meeting with some business executives from the United States.
“Investors can predict Kenya's future because it is a democratic country. We have demonstrated that the rule of law underpins public affairs,” Ruto said.
The President told the investors that the country is open for increased business with the US, adding that a strong democracy, security and developed infrastructure guarantee a conducive environment for new investments.
The meeting was hosted by the US Chamber of Commerce on trade and investment relationships between Kenya and the US.
Ruto is accompanied by members of his economic team, including David Ndii, on the trip.
Senator Kipchumba Murkomen and Ndindi Nyoro are also part of the delegation.
Participants explored ways in which the US business community can partner with Kenyan industries to achieve the President's vision and development agenda.
Ruto said an enabling business environment will be a focus area of his administration, as it will spur domestic and foreign direct investments to create jobs and wealth.
He also advocated increased bilateral commercial cooperation between the two countries.
The President said he is committed to establishing new relationships and strategic partnerships with the US business community, to enhance Kenya’s economic and social transformation.
Ruto further held business meetings to discuss fertiliser production and green energy, to enhance Kenya’s agricultural production, create jobs and develop a more resilient economy.
He was also a guest of honour at the Africa Investment Partnership Forum hosted by the United Nations Development Programme.
The discussions centred on moving Africa from aid to investment.
Those who participated were leaders from the private sector, international development organisations and diplomats.
The President is expected to deliver his inaugural statement on the country’s national statement at the United Nations General Assembly on Wednesday night.
(Edited by Bilha Makokha)
