President Uhuru
Kenyatta has expressed government's fully commitment to provision of the
required support for Germans to invest in Kenya, whose citizens he said
were diligent, educated and hardworking.
"You will not find a
better place to invest on our continent. Kenyans are well-educated,
they are very diligent, they are extremely hard-working. In addition, we
are a working democracy that guarantees stability," he told business
executives attending the Germany-Kenya business forum in Berlin.
President Kenyatta
said widening of the scope and variety of tradeable products and
services between the two countries will increase the trade volumes and
bridge the trade imbalance currently in favour of Germany.
The President rooted for strengthened economic, commercial and people to people relations between Kenya and Germany.
"The level of trade
relations is quite significant with total trade in 2014 standing at
over $610million with the balance being in favour of Germany," he said.
The Head of State
pointed out that with the paradigm shift in international engagements
being anchored on trade and investment, business forums provide great
opportunities to strengthen business ties and explore new trade and
investment prospects.
President Kenyatta
said while Kenya would start exporting crude oil by 2022 the country has
no intentions of abandoning commercial agriculture and other
traditional economic activities.
He appreciated the
confidence German businesses have shown in Kenya's economy and
encouraged many more to explore the wide range of investment
opportunities existing across the many sectors.
The President told
the business community to use constructive engagement as a means of
identifying opportunities, networking and creating more business
linkages.
President Kenyatta
also encouraged Business Associations and Councils in the two countries
to work together and foster private sector linkages terming business
forums as catalysts to new investments, trade, and transfer of
technology.
Fielding questions
from the German investors, the Head of State said the country's
constitution passed in 2010 created 47 regional administrative units
that are in charge of garbage collection among other services at the
devolved levels.
He however assured
that the national government was ready to facilitate engagements between
the county governments and investors in addressing impediments to
conducting business within the jurisdictions.
Kenya appreciates
the investments that Germany businesses have entrusted in the country's
economy and the contributions these investments make to the livelihoods
of many Kenyans, the President said.
"Opportunities for
investment exist in the Manufacturing, agriculture and industry as well
as emerging sectors in Information and communications technology, mining
and value addition in agriculture among others," the President said.
He told investors
to use Kenya's central position in the East and Central Africa region as
a launch pad to penetrate the enormous market of over 650 million
people of the recently concluded Tripartite Free Trade Area arrangement.
Regional
Communities of the East Africa Community (EAC), the Common Market for
Eastern and Southern Africa (COMESA) and the Southern Africa Development
Community (SADC) have agreed to create seamless market from Cairo to
Cape Town, the President said.
President Kenyatta said the youthful population and hospitality of Kenyans are assets for potential investors in the country.
The chairperson of
Sub-Sahara Africa Initiatives of Germany business (SAFRI) Prof. Heinz
Walter Grobe, KEPSA chairman Ambassador Denis Awori and the chairman of
the Kenya National Chamber of Commerce and Industry Kiprono Kittony
spoke during the occasion.
More than 40 Kenyan business executives accompanied the President to the forum.
Later, President
Kenyatta, toured the Berlin-based Renewables Academy AG (RENAC)
Industrial Park that specializes in combined technical and non-technical
practical courses for the dissemination of renewables to meet the
increased market demands.
He also toured the
Berlin Adlershof Science City, one of the most successful
high-technology sites in Germany and Berlin's largest media site and
home to 1,013 companies and scientific institutions.
The two are
examples of what Kenya can do, fusing technology, innovation, vocational
training and renewable energy initiatives to grow jobs for young
people.
Science at work City is one of the 15 largest technological parks in the world.
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