American technology companies are welcome to establish regional offices and manufacturing facilities in Kenya, according to President William Ruto.
According to the President, Kenya offers a climate that is favorable for manufacturing and technological investments.
“Kenya is a full-service investment destination; economically secure, safe, innovative, with a favorable tax environment, skilled labor force, technological know-how, green energy credentials, and a gateway for six undersea fiber-optic cables providing dependable data connectivity,” he said.
The President was speaking when he visited with Chief Executive Officers of Apple, Intel, Google, Nike, GAP, and Levi Strauss in San Francisco, California. He also met with Ruth Porat, the Chief Financial Officer of Alphabet at Google, Brad Smith, the Chief Operating Officer of Microsoft, and other executives.
To boost their trust in Kenya, he gave the investors the assurance that the Government would carefully investigate and answer any issues they may have.
American businesses showed faith in the nation as a prime location for investments.
Mr. Cook stated that Apple will take into account opening a developer’s academy and will also take advantage of Kenya’s potential for green data centers.
Mr. Gelsinger stated that Intel sees Kenya as a suitable place to invest.
According to Mr. Smith, Kenya’s strong returns on investment make it a desirable location for venture capital from the United States.
He pointed out that Kenya, despite providing solutions for connectivity and energy that are more broadly applicable, is still largely unexplored.
According to Ms. Porat, Google has promised to invest USD 1 billion in Africa to support its digital innovation and training programs.
He assured the investors that the Government will thoroughly look into and address any issues they may have to increase their trust in Kenya. American companies demonstrated their confidence in the country as a top place for investments. Apple would consider establishing a developer’s academy, according to Mr. Cook, and it will also benefit from Kenya’s potential for green data centers.
According to Mr. Gelsinger, Intel sees Kenya as an appropriate location for investment. Mr. Smith claims that Kenya is a popular destination for venture capital from the United States due to its high returns on investment. He emphasized that while offering more universally applicable connection and energy options, Kenya is still mostly unexplored.
According to Ms. Porat, Google has promised to invest USD 1 billion in Africa to support its digital innovation and training programs. Kenya, according to Visa Global President Oliver Jenkyn, has been essential in allowing Visa to forge a significant footprint in the East African market. He claimed that the company chose Kenya as the only other nation in Africa to house Visa’s global digital innovation studio. “Visa made a commitment less than a year ago to invest USD 1 billion in Africa over the next five years, and a significant portion of that is going to Kenya,” the speaker stated.
