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AbyssiniaLady
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Isaias Afwerki can learn a lot from Uhuru Kenyatta's FDI strategy

Post by AbyssiniaLady » 16 Feb 2022, 05:48

President Kenyatta in Dubai to woo foreign investors to Kenya

By Jerry Omondi


FILE PHOTO: Kenyan President Uhuru Kenyatta. (Photo by Nicholas Kamm / AFP via CFP)

Kenyan President Uhuru Kenyatta on Tuesday attended the opening session of the Kenya-Gulf Cooperation Council (GCC) states business forum in Dubai, where he sought to woo investors to set up base in the East African country.

“We are here to listen. We are here to facilitate. We are here to do what these investors require from us in order to come into our country to bring their investment, to help us create jobs and to help us develop our economy,” he said.

Kenyatta’s presence at the Kenya-Gulf Cooperation Council was part of scheduled activities in his working visit to the United Arab Emirates (UAE).

The Forum, held on the margins of the Expo 2020 Dubai, was attended by captains of industry and business executives from both Kenya and the Gulf region among other delegations.

President Kenyatta emphasized that Kenya seeks to strengthen its trade with the UAE, noting that a wide range of goods and services that the UAE imports from other parts of the world could be produced and supplied by Kenya.

“These include services such as hospitality and tourism, banking and financial services, ICT and data processing,” he said.

“With respect to goods, we have animals and animal products, gold, cut flowers, fish, pharmaceuticals, tobacco, textiles and apparel, vegetables and fruits that the UAE could procure from Kenya at competitive prices.”

The Kenyan leader noted that enhancing trade between his country and the Gulf countries would help to address the urgent need for jobs and economic opportunities for young people.

He urged business leaders from the private and public sectors to develop a special trading framework that will give preference to small and medium enterprises in the East African Community and the GCC.

Kenyatta was accompanied in his trip by various top government officials, including Foreign Minister Raychelle Omamo, Health Minister Mutahi Kagwe, Agriculture Minister Peter Munya, Tourism Minister Najib Balala, Industrialization, Trade and Enterprise Development Minister Betty Maina and Sports Minister Amina Mohamed.

During his stay in the UAE, President Kenyatta is set to hold talks with His Highness Sheikh Mohamed Bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi at the Sea Palace in Abu Dhabi.

https://africa.cgtn.com/2022/02/15/pres ... s-to-kenya

Axumezana
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Re: Isaias Afwerki can learn a lot from Uhuru Kenyatta's FDI strategy

Post by Axumezana » 16 Feb 2022, 07:13

Eritrea under the "self reliance philosophy" does not need FDI and jobs. The militery service and migrations both employ 100% of the job supply and generate the required hard currency to half starve it's citizens. This economic model ensures long stay in power and that is what is required.

AbyssiniaLady
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Posts: 7665
Joined: 04 Feb 2007, 05:44

Re: Isaias Afwerki can learn a lot from Uhuru Kenyatta's FDI strategy

Post by AbyssiniaLady » 16 Feb 2022, 10:53

The never ending military services and migration are destroying Eritrea and its people, but then again, military services is all he knows. Now at 76 years old, he is running out of time.

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