Keeping Your Business in Mind

Trade CS Rebecca Miano woes Japan to Invest in Kenya

By Antynet Ford

Trade Cabinet Secretary Rebecca Miano has wooed Japanese investors to come trade in Kenya saying that the country boasts of having the largest economy in East Africa.

Miano who spoke during the ongoing State visit by President William Ruto visit in Japan said Kenya has been rated as the 29th fastest-growing economy in the world.

“Kenya has been rated as number 1 in Africa in terms of human quality capital,” she said.

According to Miano, Kenya remains a gateway for anyone who wishes to come and invest in Africa saying the country had made strides in areas of green energy.

Some of the areas in which Miano appealed the investors to venture are in manufacturing and technology.

In manufacturing, Miano said Kenya has potential in areas of automotive and e-mobility, textile and apparel, and electronics.

Already Japanese motor vehicle manufacturer Toyota Tsusho Corporation is set to establish a vehicle manufacturing plant in the country.

This comes after Kenya and Toyota signed a framework agreement for collaboration in vehicle manufacturing and renewable energy development.

President William Ruto, who is on a state visit to Japan, said the move will bolster Kenya’s industrial sector, strengthen Kenya-Japan ties and expand opportunities for Kenyans.

“We must have a balance between the number of imported and newly manufactured vehicles,” Ruto said.

Kenya also signed a Ksh15 billion deal with Japan for Meru Wind Farm Energy, Ksh8 billion for Isiolo Solar Energy, and Ksh75 billion for Menengai Geothermal Plant.

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