Battle: Dar es Salaam vs Nairobi

Battle: Dar es Salaam vs Nairobi

Ruto's Uganda visit fiasco exposes harsh investment environment​



In Summary
• While it is easy to hit out at DP Ruto for helping an investor set up shop in Uganda, Kenyans must also question the many obstacles that frustrate investment here.
• Dollar billionaire Aziz Rostam gave a heart breaking account of his frustrations when he attempted to invest in gas in 2017. He met the President who welcomed his plan.

President Yoweri Kaguta Museveni of Uganda with Kenyan Deputy President William Ruto.
President Yoweri Kaguta Museveni of Uganda with Kenyan Deputy President William Ruto.
Image: COURTESY

Deputy President William Ruto’s revelation in an interview on Wednesday that he helped an investor secure Sh15 billion to set up a vaccine factory in Uganda is disturbing.

Of course, every investor has their own plan and may have their reasons for not choosing Kenya. But the country’s second-in-command can’t be seen to be boosting the economy of another country, when his own needs investors to create jobs for the 800,000 Kenyans who hit the labour market each year. It is part of Ruto’s job to market Kenya as an investment destination of choice for global capital.

The DP has been sharply criticised – rightly – for his decision. But, that said, what is the investment climate like in Kenya? During his visit to London last week, President Uhuru Kenyatta invited businesspeople, saying Kenya remains one of the best investment destinations in Africa.

The government often repeats its commitment to improve the ease of doing business here. But during Tanzanian President Suluhu Hassan’s visit in May, dollar billionaire Aziz Rostam gave a heart breaking account of his frustrations when he attempted to invest in gas in 2017. He met the President who welcomed his plan.

“It has taken me three years and I have still not got a response on my investment proposition. A $130 million investment that I was ready to make, I met obstacle after obstacle after obstacle,” he said.

While it is easy to hit out at DP Ruto for helping an investor set up shop in Uganda, Kenyans must also question the many obstacles that frustrate investment here.


www.the-star.co.ke

Ruto's Uganda visit fiasco exposes harsh investment environment

Billionaire Aziz Rostam was frustrated when he tried to invest in gas
www.the-star.co.ke www.the-star.co.ke
 
Mashashola said:
Wadanganyika nyinyi hua mafala and misinfromed sana. Hamjuangi shit yeyote ...Olympics is the world's foremost sports competition with more than 200 nations participating.
Stupid fool.
Click to expand...
wazoee na Mapema everything they don't have or can't do wanaidunishanga🙈Ni watu wivu
 
Wanao amini wakenya hawawezi kununua ama kumiliki nyumba jibu lenyu hizi hapa.., wenye uwezo wa data peke., fukara wangoje kuambiwa porojo na propaganda kutoka kwa wale kamati ya roho chafu, chuki na wivu.,😛🔥





 
Property show.., benefits of investments in SACCOs

Kitemoto sacco inspiring story.., wakenya wa hali ya chini wako na uwezo wa kumiliki nyumba za adabu..,

 
Don YF said:
Tunajua zote hizo, na sehemu ziko, no meaningful impact or change, umasikini ndio wimbo propaganda ni tune ya Tz.., I repeat mko ovyo zaidi ya majigambo yenyu, mifukara jeuri.,
Click to expand...
Kwahiyo unataka kushindana na Tz kwenye ufukara? Ona hapa mmeshaletewa chakula mpate kukunya vzr kwa mifuko
JamiiForums-312932150.jpg
 
You must log in or register to reply here.

Similar Discussions

Our Community

Coming Soon

Regional Communities

Coming Soon
Back
Top Bottom
Menu
Forums
New posts
Log in
Register