It’s been a busy week for Kenya, with more buzzing and exciting news for budding investors. Earlier in the Week, President Uhuru Kenyatta hosted Djibouti President Ismail Omar Guelleh, who is on a three state visit to Kenya.
President Kenyatta said the partnership that has existed between Kenya and Djibouti has been strong and efforts were being made to make the cooperation more fruitful.
President Guelleh said Djibouti desires to strengthen its partnership with Kenya in developing the region and making it peaceful.
The agreements signed included Trade Agreement, MoU on Bilateral Cooperation in the Livestock Sector, Agreement on Reciprocal Promotion and Protection of Investments and an Agreement on visa exemption for holders of diplomatic passports.
This event then culminated at the Intercontinental hotel, with a Djibouti – Kenya Business forum organized by the Kenya National Chamber of Commerce and Industry.
This momentous occasion, brought over 300 potential investors, and business owners, willing to expand their business across borders to the city of Djibouti.
“Our business is to take care of investors 247,” begun Moses Ikiara the CEO of KenInvest as he welcomed the Djibouti delegates to the business forum. “Our economy is rapidly growing, with a centralized location, that gives us an added advantage” continued Moses, highlighting some of the reasons why the Djibouti should consider investing in our country.
Mohammed Ali Hassan, Secretary General Chamber of Commerce Djibouti took the floor later on, presenting the various opportunities available for potential business owners willing to invest in Djibouti. “We are opening our doors as a country,” he begun, to the African continent first, before we move to the west, and Kenya is the first of the African countries that we have opened our doors to.” A simple statement, loaded with immense possibilities. Djibouti is located on the edge of the red sea, with a population short of one million. Their official language is French and Arabic, and they have a very stable economic system with an inflation rate of 3.5%. Investment opportunities available include Livestock and Fishery, Renewable Energy, Real estate and Tourism and Leisure.
Also gracing the event was Cabinet Secretary, Monica Juma; Chairman Kenya National Chamber of Commerce and Industry , Kiprono Kittony ; CEO Angela Ndambuki; Chairperson Kenya Association of Manufacturers , Flora Mutahi and KEPSA Chairperson , Nicholas Nesbitt.
“A big vision must start with a small one!” said Monica Juma (CS) as she concluded the event.