Kenya Hoping to Lure American Investments with Obama’s Visit
VENTURES AFRICA – Kenya’s cosy relationship with the U.S is seemingly growing by the day. Within a few months, two of the most important political figures would have visited the East African state—Secretary of State John Kerry was welcomed a few weeks ago, while the country is bracing up for President Obama’s visit in July. Kenya though will be hoping for more American visits, particularly from investors.
Ahead of Obama’s July visit, the United States Embassy in Nairobi has confirmed that several trade delegations are expected in East Africa’s largest economy. According to the US Ambassador to Kenya Robert Godec, these delegations will comprise of private sector teams and senior government officials and will be scouting for investment opportunities and fresh business deals. Although the exact number of investors is yet to be disclosed, the US diplomat believes a substantial number of deals will be signed in due course. “Kenya will benefit from investments from America before and after President Obama’s visit. Americans have invested in the country over the years, and will continue to increase as part of enhancing trade ties between the two countries.”