Make Nairobi The Base Of Your African Interests, President Kenyatta Woos Portuguese Investors

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President Uhuru Kenyatta has rallied Portuguese investors, entrepreneurs and captains of industry to make Nairobi the fulcrum of their business interests and investments in Africa.

He said Kenya's immense commercial potential, in almost all sectors of the country's expanding economy and the cosmopolitan configuration of her population, make Nairobi the ultimate destination for Portuguese investment.

“We are a melting pot where we welcome people from all parts of the world so long as they come in peace. So long as they come in the name of trading, working and working together, we welcome people.

“I was reminded yesterday that Nairobi has been voted as the best city for expatriates to live, and find accommodation. You can make your base for your African operations out of Kenya and we are more than willing to work and support you in that endeavour,” he said.

The President spoke on Wednesday in Lisbon when he joined his Portuguese host Marcelo Rebelo de Sousa at the official opening of the Kenya-Portugal Business Forum on the last day of his two-day state visit to the Portuguese Republic.

The business meeting was organised by the Kenya Investment Authority (KenInvest) and its Portuguese equivalent, AICEP Portugal Global, to explore business partnership and investment opportunities by Kenyan and Portuguese captains of industry, entrepreneurs and business leaders.

At the same time, President Kenyatta regretted that despite the two countries having a long history of bilateral ties, the volume of trade flow between Nairobi and Lisbon remained low.

“I do believe there is still much scope for deeper bilateral works between our two countries. We seek to deepen that because it is unfortunate for two countries with such strong trading and private sector base are only dealing with very minimal amounts. The trade between our two countries, the investment between our two countries is very minimal in comparison with the opportunity THAT exists,” he said.

President Kenyatta pledged continued Government support to Portuguese investors seeking investment opportunities in Kenya, saying his administration had established a conducive business environment.

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