Our doors are open, German investors assured
Posted Tuesday, July 12 2011 at 20:12
Kenya has opened its doors for more German investments following the setting up of an office expected to promote trade between the two countries.
This follows the signing of an agreement that establishes a delegation office for German Industry and Commerce in Nairobi at a ceremony witnessed by Chancellor Angela Merkel and Prime Minister Raila Odinga.
The office, according to Mr Odinga, is expected to promote trade and investments in both countries.
Kenya and Germany also signed an agreement to support research at the International Livestock Research Institute in Nairobi.
At the same time, President Kibaki recommended to the German investors the lucrative infrastructural projects for the construction of the Lamu port and Lamu-Ethiopia-South Sudan rail, road and pipeline link.
“We have explored the investment opportunities available in the country and the need for German investors to take advantage of the conducive investment environment prevailing in the country,” the President said at State House Nairobi, where he hosted the German leader.
Germany has been one of the country’s biggest partners and opened a diplomatic mission in Nairobi immediately after independence in 1963.
It has advanced at least Sh17.5 billion (140 million Euros) to fund various projects in the 2010-2013 period.
Germany is currently involved in 122.16 million Euros (Sh15.9 billion) projects in the country. On Tuesday, Mr Odinga told the German Chancellor that the country was open to all investors.
“We are not a colony of anyone in terms of investments,” he said. Ms Markel said Kenya must do more to get rid of corruption.