Kenya is pitching to be the preferred business hub for a single market comprising 29 African countries within three trading blocs, which will do business with the European Union (EU) and accelerate economic integration of Eastern and Southern Africa.
The need to grow e-commerce, have safe access to digitised services, curb online fraud, ease identification burden for citizens and help the nation in development planning is making the government develop a digital identity.
Government increases investment in the MSMEs sector to create jobs, support livelihoods and revive the economy whose growth slowed down last year to 4.8 per cent from 7.6 per cent in 2021.
Kenya is poised to become the regional medical tourism destination and pharmaceutical manufacturing hub if the ongoing investments in healthcare infrastructure and global collaborations are anything to go by.
The government has stepped up efforts to attract foreign investment into the country as it seeks to create more jobs and boost economic growth. President William Ruto is leading the drive that has seen him meet various Heads of State and business leaders to sell what the country offers.
The government is hopeful of positive economic growth this year due to increased investment in MSMEs as well as high rainfall that is expected to boost agricultural production. The National Treasury is optimistic that the country would register positive economic growth this and coming years due to the interventions it has put in place to stimulate recovery.
Kenya has signed bilateral agreements with the United Kingdom and the United States in what promises to boost trade and present economic opportunities to citizens of both countries. To begin with, the US and Kenya last week held bilateral talks that sought to increase trade and investment cooperation through “a strategic partnership”
Communication Authority of Kenya offers the money from the Universal Service Fund in what kicks off the 100,000km fibre installation journey. 19 counties, especially those in farflung areas, will benefit from Sh5 billion lastmile fibre optic cable connection as the government moves to boost internet access in regions with low connectivity.