The Government of Kenya has announced it will provide a sound and predictable investor environment.
President William Ruto said a more impartial and transparent regulatory framework will help inspire investor confidence.
He said he will not compromise in his quest to maintain a standard of management and governance that will stimulate capital markets activities.
“It is our intention to give comfort to investors through credible and effective institutions and reactivate our dormant Central Depository investor accounts,” he said.
He made the remarks on Wednesday during the Laptrust Imara I-REIT official listing by introduction on the Main Investment Market Segment of the Nairobi Securities Exchange.
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.”
He observed 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.”
In particular, the President pledged to help revitalise by enlisting the participation of more enterprises and multinational firms that have set up operations in Kenya.
“Listing these vital actors will deepen and invigorate the capital markets considerably.”©Standard Gazette, 2021. Unauthorized use and/or duplication of this material without express and written permission from this site’s publisher is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Standard Gazette with appropriate and specific direction to the original content.