By Kamadi Amata
Kenya is set to address factors affecting the private sector, among them high taxation, delay in court cases and bureaucracy in bid to creating a conducive environment to attract more investment.
In a meeting with members from the European Business Council Kenya (EBC Kenya) held at Westlands Nairobi, Azimio la umoja flag-bearer Raila Odinga noted the high cost of energy production in Kenya as a prohibiting factor scaring away investors, saying his administration once elected to power will increase it from the current 2,000 megawatts to 10,000 megawatts.
The Azimio La Umoja One Kenya presidential Flagbearer assured the European investors of his plans to set up Special Processing Zones and expand international infrastructure. He said his administration will equally deal with civil servants owning business that compete with the private sector.
His Deputy Presidential candidate designate Martha Karua noted her commitment in ensuring all pending legal matters are addressed as well as formation policies that favour investors.
The European Business Council Kenya (EBC Kenya) is the umbrella organization that gathers all Business Associations, Chambers of Commerce and Embassies Trade Services from various European countries. The main objective is to have a broader networking platform and most importantly to lobby in one stronger voice all major issues that our member companies live every day.