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DP Gachagua Advises Foreign Investors to Put Money in Kenya

Deputy President Rigathi Gachagua has encouraged foreign investors to take advantage of Kenya’s current favorable economic climate.

According to the DP, the government has put in place the essential measures safeguarding foreign investments.

“This country is enjoying an administration that is focused and that has done away with bureaucracy and red tape to encourage investment,” he said during the Thursday AviaDev Africa Real Estate workshop.

“All our agencies, our Cabinet Secretaries have clear and unequivocal instructions from the President not to subject investors to unnecessary bureaucracy and red tape.”

Read: Coffee Cartels Poisoned My Brother Nderitu – DP Gachagua Claims

He also asserted that the current administration has eliminated bureaucratic practices that had long discouraged potential investors.

He emphasized the fact that many investors choose Kenya because of the country’s long-lasting peace and stability.

“We host the United Nations because of the peace and stability in the country. Labour is not expensive. We have a vibrant workforce with good work ethics. The Kenyan people are workaholics and take pride in their achievements,” he added.

The second-in-command also stated that African airlines should explore alternative sources of revenue or risk going down.

Read Also: DP Gachagua Blames KQ’s Crippling Financial Problems on State Capture

“Airlines will continue to sink further into losses unless they explore innovative alternatives to complement the carrier revenue sources,” the DP said.

AviaDev Africa 2023 is hosted by the Kenya Airports Authority (KAA).

It seeks to grow connectivity in Africa by ensuring sustainable partnerships in the aviation industry.

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