A vixen who was taking her babies out for an airing one balmy morning came across a lioness, with her cub in arms. “Why such airs, haughty dame, over one solitary cub?”the vixen sneered. “Look at my healthy and numerous litter here, and imagine, if you're able, how a proud mother should feel.”
The lioness gave her a squelching look, and lifting up her nose, walked away, saying calmly, “Yes, just look at that beautiful collection. What are they? Foxes! I have only one, but remember, that one is a lion.”
Diplomacy is key to a country’s development. Kenya has had very strong foreign relations over the years but the benefit of this can only be measured in its quality and not quantity.
Foreign relations that result in multiple quality direct investments are critical for a country like Kenya, which needs more of them to develop.
The country has seen a significant increase in the number of foreign investors this year. This is due to a number of factors, including what has been the country's stable political environment, its growing economy and its favourable investment climate.
Just last week, the country hosted investors from Indonesia and Saudi Arabia. Additionally, Kenya hosted the third extraordinary meeting of African Trade ministers. Some 54 ministers from across the continent were attending the meeting in Nairobi under the banner of African Continental Free Trade Area.
This week, we are hosting the US Trade representative Katherine Tai to discuss trade between America and Kenya. In August, Indonesia President Joko Widodo will visit Kenya to further cement the deals that were discussed last week.
The establishment of the textile company, export of livestock and their products from Kenya, production of green power, establishment of the oil manufacturing and refining company, as well as production of geothermal energy, are among the first priorities agreed between Kenya and Indonesia.
The Saudi Arabia government has expressed their readiness to invest in Kenya's manufacturing and financing sector.
In the first quarter of 2023, Kenya received over $1 billion in foreign direct investment. This is a significant increase from the $600 million that the country received in the same period last year.
The majority of the FDI that Kenya has received this year has been in the infrastructure, manufacturing and energy sectors. The government has also been working to attract investment in the tourism and agriculture sectors.
The increase in foreign investment is expected to create jobs and boost economic growth. The government is confident that the country will continue to attract foreign investors in the years to come.
As the opposition thinks of holding more protests this week, it should not be lost to them that many foreign investors have been trooping to the country because there is a stable political environment, with a democratically elected government. This makes it a safe and attractive place to invest.
Kenya's economy is growing at a healthy rate of 5-6 per cent per year, making it a good place to invest for long-term growth.
The government has also put in place a number of policies and incentives to attract foreign investment. These include tax breaks, land concessions and access to government support programs.
In this year’s budget, the government has removed taxes and excise duties on investments in pharmaceutical and medical products
Over the years, the government has been investing heavily in infrastructure development, such as roads, railways, and power plants. This is making it easier for businesses to operate in the country.
Kenya has a young and educated workforce, which makes it a good place to invest in manufacturing and other industries that require skilled workers.
Overall, the country is a good place to invest in 2023. The country has a stable political environment, which we must safeguard by saying no to the violent protests that we have been seeing, a growing economy, and a favourable investment climate.
The government must also continue investing in infrastructure development and human capital. These factors are making Kenya an increasingly attractive place for foreign investors.