The Homa Bay International Investment Conference 2024, event organized by the County Government of Homa Bay alongside partners at Tom Mboya University, commenced on the 27th February to 29th February 2024. The conference, graced by high-profile dignitaries including H.E. President William Samoei Ruto , United States Ambassador to Kenya H.E. Meg Whitman, The Chamber President Dr. Erick Rutto, alongside Cabinet Secretaries, Governors, Members of Parliament, Chamber Directors, and KNCCI County Chapters officials, was launched under the theme ‘Unlocking Bay of Endless Potential’. This session set the stage for discussions and announcements aimed at fostering economic growth and investment in Homa Bay County.
Dr. Rutto, in his address, highlighted the KNCCI’s strategic vision to enhance value addition across diverse sectors, thereby boosting exports. He detailed the Chamber’s dedication to broadening market access through a global expansion of the Chamber’s footprint. This initiative includes the establishment of an office in Hunan, China, to bolster trade between Kenya and China, with plans underway to open additional offices in strategic trade hubs including Dubai, the USA, and Sharjah. This effort is part of KNCCI’s broader commitment to fostering robust trade partnerships between Homa Bay businesses and markets worldwide.
The Chamber’s contributions span several critical areas essential for economic development and business prosperity. These include facilitating market and financial access, promoting investment, capacity building, supporting innovation, and advocating for policy reforms. Notably, through the JIINUE Growth program, KNCCI has facilitated loans amounting to Sh118 million, benefitting numerous members, with a significant focus on youth and women entrepreneurs. The Chamber also pledges to attract local and foreign investment, enhance SMEs and MSMEs through training and mentorship, and provide platforms for showcasing innovation.
Highlighting the conference’s key takeaways, Governor Homa Bay County H.E.Gladys Wanga elaborated on Homa Bay’s investment potentials and the county’s initiatives to attract and retain investors. The U.S. Ambassador’s commitment to drawing more U.S. investors to sectors like the Blue Economy, Tourism, and Agribusiness underscored the international interest in Homa Bay. Furthermore, H.E. Dr. William Ruto noted the government’s infrastructural development plans, including the Riwa Special Economic Zones and efforts to revitalize the local fish market and lakefront, illustrating a concerted effort to elevate Homa Bay’s economic landscape. The Chamber’s role in these developments highlights its position in facilitating economic growth and business success in the region.
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