Thursday 1 June 2023
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We are natural trading partners, says President Kenyatta as he courts Arab investors

President Uhuru Kenyatta today urged Middle Eastern countries to invest in Kenya’s expanding economy.

President Kenyatta highlighted that the trade volumes between the Middle East and Kenya are way below the trade that occurred between the two regions when traders depended on the monsoon winds to propel dhows.

The President was speaking at the Future Investment Initiative in Riyadh , a global financial forum that attracted participants from more than 40 nations.

“Here we are in the age of airplanes and ships and the trade between the East African coast and the gulf is not even a quarter of what it used to be. We are natural partners and we need to renew our partnership,” said the President when he spoke at the conference being held at the King Abdulaziz Conference Centre in Riyadh.

President Kenyatta urged Middle East investors not to be deterred by negative media stories that try to depict Africa in negative light while ignoring the growth and prosperity of the continent.

“Africa is a land that is transforming. Africa is a land that is seeking to get out of poverty and corruption,” said President Kenyatta said as he urged the people of the two regions to partner in development.

President Kenyatta said the integration of the African continent offers a lucrative environment for business ventures that are designed to create mutual benefits for the investors as well as the host nations.

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