Kibaki seeks support for green economy
Posted Friday, June 22 2012 at 08:24
President Kibaki held bilateral talks with His Highness Prince Albert II of Monaco on the sidelines of the ongoing United Nations Conference for Sustainable Development in Rio De Janeiro, Brazil Thursday.
During the talks, the two leaders discussed general areas of cooperation between Kenya and Monaco on green economy.
Noting that Kenya has initiated viable community projects designed to generate employment while attracting carbon trading market, President Kibaki appealed for the support of the Prince of Monaco in linking Kenyan green projects with international carbon trading dealers.
The President further noted that there are tremendous opportunities for green investments in Kenya including renewable energy which once initiated can be replicated in the East African region.
He invited investors from Monaco and Europe in general, to explore investment opportunities in Kenya saying that lucrative opportunities exist in a wide variety of sectors including oil exploration as well as manufacturing various products for the African market.
President Kibaki also sought support for an annual sporting event in Kenya to support Green Africa Villages for the East African region.
The President noted that Green Africa Villages are crucial centres of excellence at the grassroots level where demonstrative training is presented for communities to emulate.
On his part, Prince Albert commended the good work being done in Kenya by Green Africa Foundation which he said deserved support.
Recalling his visit to Kenya in June 2010 and April this year, Prince Albert praised the impressive progress that has been made in Kenya in various sectors adding that Kenya can be a role model in green economy in Africa.
The Price pledged to support the Plant for Your Age Initiative, which is being run by the Green Africa Villages, Rotary Clubs, Kenya Wildlife Service and UNEP with a view to conserving the environment.
Price Albert also pledged to assemble investors from Europe to explore business opportunities in Kenya saying the investment environment in the country had improved tremendously in recent years.