President Kibaki & 8 Ministers address Kenya Investment Conference 2012

07 August, 2012

President Kibaki & 8 Ministers address Kenya Investment Conference 2012

The Commonwealth Business Council, in collaboration with the Government of Kenya and the Lord Mayor of the City of London, was proud to host the first Kenya Investment Conference, at Mansion House on Tuesday 31 July.

The Kenyan delegation was led by His Excellency Mwai Kibaki, President of the Republic of Kenya, and comprised of an impressive number of Ministers, Assistant Ministers, Permanent Secretaries, government officials and private sector agencies. Representing the British Government were Hon Henry Bellingham, MP, Minister for Africa and the High Commissioner to Nairobi, Dr Christian Turner CMG, as well as officials from the Foreign & Commonwealth Office, UK Trade and Investment and TheCityUK.

This one-day workshop showcased Kenya’s serious investment opportunities with ready-to-invest projects in agriculture, roads, energy, real estate, tourism and information & communication technology, among others. As part of Kenya’s Vision 2030 blueprint, Ministers and officials also presented plans for their fabled Konza City, known as Africa’s ‘Silicon Savannah’, and Tatu City, which will be home to an estimated 70,000 permanent residents and be a major contribution to renewed growth in economic and social development.

President Kibaki, in his keynote address to a room full of investors, invited them to see and learn about the exciting ‘priority investment’ projects that Kenya had to offer. He spoke about how Vision 2030 ‘seeks to transform Kenya to a middle income country in the next few years.’ He closed by reminding everyone of the close links between Kenya and Britain, and the mere 8-hour travel time, inviting everyone to join him in Nairobi to see firsthand the development of these projects.

Later, Minister Henry Bellingham welcomed the President and his delegation, also speaking about the strong ties between Kenya and Britain, and reaffirming the ‘huge opportunities we see in Kenya to promote our mutual prosperity.  It is clear to me that we are seeing a shift in economic power; from west to east, north to south.  Africa is increasingly at the forefront of this shift, Kenya included, and we in Britain want to be there for the ride.’

The Lord Mayor, Alderman David Wootton, echoed these thoughts and welcomed everyone to the heart of London’s economic and financial square mile, promising to do his part in strengthening the links between the two countries through trade and investment.

The day’s intensive project-led sessions and deliberations ended with a Gala Dinner hosted by His Excellency the President.

The event was supported by the Kenya Commercial Bank, Brand Kenya, Tullow Oil, International Project Finance Association and Afren.