Nipate
Forum => Kenya Discussion => Topic started by: RV Pundit on June 28, 2017, 05:46:17 PM
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https://www.capitalfm.co.ke/business/2017/06/eabl-to-open-sh15-billion-plant-in-kisumu-to-create-110000-jobs/
“Today, Kajiado hosts the first ceramic tile manufacturing company in Kenya: Twyford Ceramics. Wrigley’s Sh6bn plant in Machakos is near completion, Bidco is setting up a Sh1.5 factory in Thika, Keroche Breweries recently opened a Sh5bn plant in Naivasha and Eldoret is now home to Kenya’s first-ever private Special Economic Zone with over Sh200bn in Foreign Direct Investment and over 100,000 jobs to follow.”
“Let me also mention that Sultan Hamud has the largest can manufacturer in Africa, GZI, and the leather city under construction in Machakos will employ 50,000 Kenyans once complete.”
Presenting the Sh15 billion investment as the latest shining example of Jubilee’s economic stewardship, President Kenyatta said it would result in 110,000 jobs; just a few days after he pledged to create 1.3 million jobs annually should he be re-elected.
Sentiments that received the endorsement of Diageo Plc’s Chief Executive Officer Ivan Menezes. “We had the confidence to make this investment because of the attractiveness of Kenya as an investment destination.”
“Ease of doing business has improved, the infrastructure getting built well,” he said.
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The FDIs are flowing in and the beauty of it is going to different sectors, since we're a diversified economy. People harps on closure of eveready, PG and Cadbury but fail to acknowledge new investments. Also some of our local companies especially fast moving goods sector are the winning against multinationals.
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The FDIs I think are nearly doubling every year -and with it really well paying jobs- we just need to keep focusing on infrastructure/enabling business enviroment/more friendly pro-investment climate.
Unlike most Africa countries getting FDIs from oil prospecting or minning or such extractive industries - kenya are getting FDIs from modern sectors - tech, manufacturing, real estate, retail, etc
While Kenya also remain a major source of FDI to the region.
One of the major bottleneck I see is work permits for foreigners - we need to follow Rwanda example - and make it very easy for anyone with money and good ideas to come here and start a business. This idea of protecting local jobs is crap - allow free movement of people - with ideas or money - and this country will grow.
The FDIs are flowing in and the beauty of it is going to different sectors, since we're a diversified economy. People harps on closure of eveready, PG and Cadbury but fail to acknowledge new investments. Also some of our local companies especially fast moving goods sector are the winning against multinationals.