President William Ruto announced that Kenya’s government is set to establish policies advancing Space Technology in the country.
On Thursday, December 15, the State House spokesperson Hussein Mohamed issued a statement in which the President said the move would elevate Kenya’s status on a global scale.
President Ruto while meeting with other corporate executives and stakeholders across various sectors, focused on positioning Kenya as one of the most favourable investment destinations for the abundant US capital.
He made the announcement in a high-level roundtable at Arizona State University’s Thunderbird School of Management.
Among other issues discussed include ways of scaling the Konza Technopolis, the Silicon Savannah.
The Head of State pointed out that space technology advancement in the country would be achieved through funding and partnership from US investors.
Before attending the Arizona meeting, Ruto had addressed the US-Africa Summit on ‘The Future of Africa’s Trade and Investment.’
He asked the US to take advantage of Africa’s colossal population and business prospects and accelerate investment in the region.
“The US should take advantage of the African Continental Free Trade Area (AfCFTA) which is on the cusp of take-off.”
“There is also the availability of labour and green energy potential in Africa to drive prosperity on a global scale,” Ruto urged investors.
Subscribe to our YouTube channel at Switch tv
He also outlined why Kenya is the best place to invest in the continent.
“Kenya is one of the most favourable investment destinations for the abundant US capital.”
“This is because there is a competitive advantage brought by maturing constitutional democracy and a well-developed financial and commercial ecosystem,” the President reiterated.
Read Also: Biden Announces Billions of Dollars to be Invested in Africa
