Kenya: Survey Fever – Investors voice concerns about business stability

Business leaders have voiced concerns about the stability and security of their investments ahead of the 2022 general election.

The concern came during a breakfast meeting organized by the Kisumu District Government at the Serena Hotel in Nairobi on Monday.

This was the last in a series of meetings Governor Anyang ‘Nyong’o’s government held with various categories of investors to seek support for the economic draft of the Kisumu Vision 2050.

Firms represented at the event included Jambojet, Hilton Worldwide, Strathmore University, Kenya Commercial Bank (KCB) and Equity Bank.

In detailed PowerPoint presentations, the district managers explained investment opportunities in the Kisumu district. A round of questions and answers with the governor rounded off the event.

Nyeri Deputy Governor Caroline Karugu praised the leadership of Kisumu County.

“This is a good time to invest in a county that has a higher credit rating than Kenya,” the former investor relations and communications manager of the Nairobi Securities Exchange told the forum.

The county government outlined sports, manufacturing, housing, tourism and health as some of the most important sectors for investors to tap into.

“We have a great football team in Kisumu and it would be good to invest in the club to take on corporate social responsibility and showcase the talent we have out there,” said Achie Alai, tourism and sports director for the county Kisumu.

When asked to explain how the interests of investors would be protected during political campaigns and elections, Prof. Nyong’o emphasized the need for peaceful elections.

“The cycle of having to start, stop and restart with every election should stop,” said Prof.

“Many of these ideas, promises and guidelines that political leaders have used over the years to attract voters come from the Kenyan Vision 2030. The leaders are only renaming the campaign to appeal to voters as pioneers and change makers to but the ideas on which they are based are not new.

“So we hope that by linking this conference with our Vision 2050 there will be continuity and that you as investors, regardless of the existing leadership, will not be affected,” the governor told the investors.

The county government is reaching out to investors from various sectors of the economy as it prepares for the Kisumu Investment Conference, scheduled for September 27-29.

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