Kenya is expecting thousands of investors next week for the second edition of the annual Kenya International Investment Conference (KIICO) as the country shrugs off a sluggish year worsened by high interest rates and currency shocks.
Already, several investors from Africa, Asia, North America and the Middle East have confirmed attendance and the country is expecting significant deals for much needed foreign direct investment to be inked.
“Last year which was the inaugural meet, we had more than 1,300 delegates and this year we are expecting a larger turn out,” said Anne Kirima, Chairperson of the Kenya Investment Authority (KenInvest).
In July, Kenya co-hosted the Global Entrepreneurship Summit, GES, together with the US that saw American President Barack Obama visit the country for the first time in his tenure. The meeting saw over $1 billion in business deals signed between the country and US conglomerates like Citibank, CocaCola, General Electric, The Mara Group and Uber among others.
Last week, Kenya also hosted the 47th annual general assembly of the African Airlines Association (AFRAA) that ended with Kenya Airway’s CEO Mbuvi Ngunze elected to chair the executive committee of the Pan-African assembly.
“Now people outside know more about what to expect from Kenya and we have been liaising with other countries as well to maximise on this opportunity,” said Kirima.
Kenyan counties will also be in attendance at the event’s location at the Kenya International Convention Centre, KICC, where they will showcase their projects in the hope of securing funding.
“On the third day, there will also be a provision of site visits where investors will have the opportunity to be taken round the capital projects like Lapset, the SGR and Konza,” said Kirima.
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