- Add new comment
- 174 views
President Uhuru was on Tuesday privileged to open trading at the London Stock Exchange by ringing the bell to mark the beginning of the day's business.
Flanked by Cabinet Secretary for Industry, Trade and Cooperatives Adan Mohamed, the President sought to sell Kenya as an investment hub among global investors at the event. Speaking after opening the trading forum, Kenyatta confirmed that National Oil Corporation would dual list on both Nairobi and London Stock Exchanges.
At an investment forum held at a hotel in London, investors expressed interest in geothermal power generation, housing and other sectors. Top UK companies represented at the forum included Diageo, Quantum Power, Tullow Plc, Arch Emerging Markets, Barclays, Finlay, TLG Group and Denham Capital.
President Uhuru urged UK investors to increase their investments in Kenya.“It is there for all to see that Kenya’s democracy has matured. Our systems have withstood two elections and we have solid democratic foundations,” he said.
“We are delivering on our promise of 10,000km of roads and major sections of the Standard Gauge Railway are complete,” the President said at the meeting held at the Fourways Hotel, London.
Secretary State for International Development (DfID) Penny Mordaunt and chairman of the London Stock Exchange Group Donald Brydon, hailed Kenya as one of the best investment destinations in Africa.
“Kenya has just recorded the best improvement in ease of doing business. We are inviting more UK companies to invest in Kenya,” he said. “Kenya is the third most competitive economy in Africa.”
Earlier, President Kenyatta held a private meeting with Prince William, Duke of Cambridge, at Buckingham Palace. He is on a five-day official visit to the United Kingdom.
At this time of mutual interest in doing business in Kenya, it's time for our President to also ask for an apology from Britain for evils they committed during colonialism so they do not come to repeat such deeds when they come as investors. A formal apology is very important for our people and posterity to avoid future humiliation.