Mudavadi woos African, Canadian investors as Kenya explores new frontiers
Kenya is exploring opportunities in sustainable agriculture and clean energy, Mudavadi tells the 2nd Canada-Africa Business Conference in Nairobi.
The state is seeking to diversify its export base investments, exploring opportunities in sustainable agriculture and clean energy, according to Prime Cabinet Secretary Musalia Mudavadi.
Mudavadi, also the Foreign Affairs minister, said this at the 2nd Canada-Africa Business Conference in Nairobi, where he is representing President William Ruto.
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He urged investment in Kenya, citing factors such as a favourable business environment, a strong democracy, and business-friendly policies that make Kenya an attractive destination for potential investors. He spoke at
"Your presence here underscores the value of deepening the partnership between Kenya and Canada," Mudavadi told the gathering.
The CS also pointed out Kenya's strategic location as a natural gateway to key economic blocs, which provide unique opportunities for consolidating, diversifying, and expanding exports within the African market. These include the East African Community (EAC), the Common Market for Eastern and Southern Africa (COMESA), and the African Continental Free Trade Area (AfCFTA).
Mudavadi further spoke of Kenya's robust infrastructure and other assets that ensure effective and reliable logistics and transportation gateways to other African countries. Among them are the Port of Mombasa, the Lamu Port, South Sudan, Ethiopia Transport Corridor (LAPSSET), the Jomo Kenyatta International Airport, and the coastline along the Indian Ocean.
He also highlighted Kenya's role as a regional logistics hub, a leading finance hub, and a top destination for foreign direct investment. The presence of Konza Technopolis, known as the Silicon Savannah of Africa, underscores Kenya's commitment to innovation and technology, he said.
"Kenya offers huge investment opportunities in various sectors such as agriculture, medical care, clean energy, fintech, infrastructure financing, tourism, banking, logistics, and manufacturing," he said, expressing optimism that the sectors would be central to discussions during the conference.
The CS also urged exploration into sustainable agriculture and clean energy, emphasising Africa's vast mineral resources, renewable energy potential, and abundant arable land.
"Let us explore new frontiers to diversify our export base investments, ensuring that this critical relationship contributes to shared prosperity," he said.
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