Delegates on U.S. Chamber Infrastructure Mission Meet with Leadership of Kenya’s Vision 2030
28-02-2011 13:58:41 | by: Administrator | hits: 4291 | Tags:

A delegation of U.S. executives, organized by the U.S. Chamber of Commerce’s Africa Business Initiative (ABI), met with the leadership of Kenya’s long-term development entity, Vision 2030, today to discuss the progress being made on infrastructure projects that will lead Kenya into a new phase of economic growth.

“We recognize the Kenyan government’s efforts to promote a more industrialized economy with a growing middle class,” said Scott Eisner, executive director of the ABI and the International Affairs Division of the U.S. Chamber.”  Kenya’s ability to develop into an economic engine for East Africa will depend on its commitment to building out its infrastructure and streamlining the flow of goods both within Kenya and throughout the region.”

Eisner led the delegation of American companies to Accra, Ghana this week before coming to Nairobi.  The mission will end in Addis Ababa, Ethiopia.  The participants on the mission acknowledged the progress Kenya and the other four East African Community (EAC) nations have achieved in regional harmonization and believe these improvements will make the nation an attractive investment destination.  However, they agree more work needs to be done and that they will continue to encourage the deepening of the EAC’s harmonization to further improve companies’ ability to do business in the region.

“Kenya is a leading investment destination in sub-Saharan Africa and certainly in the EAC,” continued Eisner.  “We are eager to see the country lead the EAC with policy reforms designed to entice foreign direct investment into the regional bloc.”

The Africa Business Initiative (ABI) engages the U.S. business community on legislative policies that foster foreign direct investment in Africa, provides tailored guidance to American companies about doing business in African nations, and introduces U.S. companies to the continent’s vast economic opportunities.

The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations.

www.chamberpost.com

 

This article was originally posted on Sustainable Development Africa Platform

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