The Kenyan government is calling on local businesses to take advantage of the upcoming East African Business and Investment Summit, set for February 24–25, as it cites renewed investor confidence in the country’s economy.
Speaking at a press briefing, Government Spokesperson Isaac Mwaura said the summit will bring together policymakers, regional business leaders, and international investors to strengthen trade and investment across East Africa.
🌍 Expanding Markets Through Regional Collaboration
Mwaura urged Kenyan exporters, entrepreneurs, and investors to use the platform to:
Expand into regional markets
Build cross-border partnerships
Unlock new growth opportunities
He emphasized that stronger regional cooperation aligns with the African Union’s long-term development blueprint, African Union’s Agenda 2063, which envisions a united, prosperous, and economically integrated Africa.
According to the government, deeper collaboration within the region will help:
Build resilient supply chains
Reduce overreliance on external markets
Strengthen intra-African trade
💵 Renewed Investor Confidence
Addressing Kenya’s broader economic outlook, Mwaura pointed to recent developments in global financial markets.
Kenya recently raised USD 2.25 billion through a dual-tranche Eurobond issuance, which he described as a strategic debt management move rather than routine borrowing.
The government attributes growing investor appetite to:
Reduced short-term default risk
Stronger foreign exchange reserves
A narrowing current account deficit
Improved credit ratings
According to Mwaura, global markets are responding positively to economic reforms implemented by the current administration.
📊 Focus on Sustainable Borrowing
The spokesperson reiterated that the government is committed to:
Avoiding reckless borrowing
Enhancing transparency
Prioritizing long-term debt sustainability
Reducing refinancing risks
This approach, officials say, is designed to strengthen Kenya’s international credibility while supporting domestic economic stability.
🔎 Why the Summit Matters
The East African Business and Investment Summit comes at a time when:
Regional integration efforts are accelerating
Investor appetite for emerging markets is improving
Kenya is repositioning itself as a regional financial and trade hub
If successful, the summit could:
Increase cross-border investments
Strengthen regional supply chains
Boost exports for Kenyan businesses
