Following September's US Business Council for International Understanding meeting in New York, US$4 billion has been set aside by US firms for investing in business in Kenya.
In light of this, several high-level US investors are expected to attend the upcoming Kenya International Investment Conference (KIICO) on November 23-25 in Nairobi, reports PRNewswire.
In collaboration with the East Africa Trade and Investment Hub – a flagship project under the presidential Trade Africa initiative – KIICO will highlight current investment opportunities across focus sectors of US interest, including agribusiness, information and communications technology, apparels, textiles, leather, as well as renewable energy sectors.
Speaking at the KIICO 2015 launch, East African Affairs, Commerce and Tourism Cabinet Secretary of the Ministry, Phyllis Kandie, said: "Kenya is a model investment destination for global firms and we are committed to working with US companies eager to grow and expand their business in East Africa. In recent years, we have facilitated significant growth in US interest in doing business in Kenya, with senior government level commitments to further develop bi-lateral trade and investment ties between our two nations. This year's KIICO is set to showcase the scale of opportunity on offer to Americans in one of Africa's fastest growing economies."
