- He made the remarks on Wednesday during the Laptrust Imara I-REIT official listing by the introduction to the Main Investment Market Segment of the Nairobi Securities Exchange.
- He said that a more impartial and transparent regulatory framework will help inspire investors' confidence.
President William Ruto has announced that the government will provide a sound and predictable investors environment in the country.
He made the remarks on Wednesday during the Laptrust Imara I-REIT official listing by the introduction to the Main Investment Market Segment of the Nairobi Securities Exchange.
He said that a more impartial and transparent regulatory framework will help inspire investors' confidence.
“It is our intention to give comfort to investors through credible and effective institutions and reactivate our dormant Central Depository investor accounts,” Ruto said.
He added that he will not compromise in his quest to maintain a standard of management and governance that will stimulate capital markets activities.
The President committed to ensuring that the business environment in Kenya is secure and conducive on a sustainable basis.
“We will take robust measures to honour and respect the rights of all and demonstrate that no one is above the law by decisively combating impunity, lawlessness and disorder," said Ruto.
He observed that there is an urgent need to reverse the negative post-pandemic that has seen Kenya’s Foreign Direct Investment stagnate.
“It is our firm agenda to turn the situation around and take aggressive measures to return our economy as a leading destination of international investments," he added.
In particular, the President pledged to help revitalise by enlisting the participation of more enterprises as well as multinational firms that have set up operations in Kenya.
“Listing these vital actors will deepen and invigorate the capital markets considerably," said Ruto.