KNCCI: Matanda Wabuyele Says Kenya is the Country to Invest In

Matanda Wabuyele, CEO of KNCCI (Kenya National Chamber of Commerce and Industry), gives his assessment of the economy of Kenya and explains why people should invest in the country.

“Our GDP growth is above 5.5%, close to 6%. We hope to reach double-digit growth by achieving our Vision 2030. If you look at Kenya‘s population, we have 42 million people, and our exports stand at around KES 132 billion, with FDI at almost USD 1 billion, so our economy is doing well and we believe we are set for upward growth. As a country, our exports have grown, FDI inflows have grown. Compared to other countries in the region, Kenya is the country to invest in. We believe that we have a vibrant economy, we have the infrastructure in place, including the SGR railway. We also have infrastructure in terms of airlines, which allows us to connect with any other region. Moreover, we host international organisations such as the UN and the World Bank, and we are attracting investors, including American companies such as Google, who are just moving in, together with fast food companies who are setting up their African headquarters here. All of this makes Kenya an attractive destination for investors, and we are also proud of our political stability, which is among the main reasons why people have to invest in Kenya. In short: political stability, sound infrastructure and a well-talented and educated workforce”, says Matanda Wabuyele.