June 24, 2024
US-Kenya Business Forum Commits Ksh.260.8B For Economic Growth

US-Kenya Business Forum Commits Ksh.260.8B For Economic Growth

The US Chamber of Commerce’s U.S.-Africa Business Centre hosted the US-Kenya Business Forum on Friday in an effort to boost economic growth and investment prospects.

The gathering aimed to promote conversation and cooperation between the two countries.

Among the famous visitors are President William Ruto, Vice President Kamala Harris, Secretary of Commerce Gina Raimondo, and Suzanne P. Clark, President and CEO of the United States Chamber of Commerce.

President Ruto set the tone for the meeting by extending a warm invitation to potential investors and underlining Kenya’s willingness to collaborate with American companies to achieve mutual gain.

“Kenya works and we mean business. When it comes to investment, we are ready for you. Let’s bring your vision to reality. And let us build Kenya together with your companies,” said President Ruto.

The meeting facilitated conversations on enhancing the economic relationship between the US and Kenya, culminating in more than $2 billion (approx. Ksh.260.8 billion) expanded commitments.

Taking place during President Ruto’s State Visit to Washington, D.C., the event drew a noteworthy crowd, including U.S. Senator Chris Coons and U.S. Ambassador to Kenya Meg Whitman, as well as officials from diverse industries in both nations.

Vice President Harris emphasized the significance of rethinking the narrative of US-Africa relations, noting Africa’s young population and potential as a global economic hub.

“I strongly believe that we are at a moment where we should revisit and upgrade and update the narrative of the relationship between the United States and the continent of Africa,” she said.

“When you think about the continent, the median age is 19 years old. It is predicted that by 2050, 1 in four people occupying space on Mother Earth will be on the continent of Africa. So, from that perspective, many could rightly argue that the future is on the continent of Africa.” 

President Ruto was also presented with the U.S.-Africa Business Center Outstanding Leaders’ Award for his efforts to advance business-led solutions and promote trade and investment.

The US Chamber also announced plans for a GreenTech Business Mission to Kenya, which will highlight US green technology and stimulate collaboration on sustainable initiatives.

US-Kenya Business Forum Commits Ksh.260.8B For Economic Growth

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