Equity Bank Kenya hosted a delegation from the United States of America (USA) to explore trade and investment opportunities in Kenya following successful missions in Tanzania and Zanzibar.
Speaking on the segment of the business forum, the President of the Kenya National Chamber of Commerce and Industry (KNCCI) Mr. Richard Ngatia highlighted on investment opportunities in Key sectors of Agriculture, Manufacturing, Infrastructure, Health Care, Energy, ICT and Tourism. “With the onset of the Africa Continental Free Trade Agreement (AfCFTA), Kenya is well positioned as a distribution base to service Africa, and serve as the logistics hub of the region,” he said. Mr. Ngatia encouraged investment in the Special Economic Zones which guarantee tax incentives and are fully developed for investment.
Chairman of the Capital Markets Authority Mr. Nicholas Nesbitt further alluded to the immense investment potential that the East Africa Community offers, with a combined population of more than 280 million people and endowed with natural resources, human capital and raw materials that can be utilised by domestic and foreign industries.
The delegation had the opportunity to meet and network with Kenyan businesses during their trade mission.
The United States is the largest destination for Kenya’s products, with more than 75% exported duty free under AGOA in 2021.