Govt urges businesses to leverage East African Summit as investor confidence grows

Speaking at a press conference, Government Spokesperson Isaac Mwaura said the summit will bring together policymakers and business leaders from Kenya and across the region, as well as international stakeholders, to explore ways of strengthening regional trade and investment.

Mwaura called on Kenyan businesses to leverage the platform to expand their markets and tap into new growth opportunities.

“The government encourages Kenyan businesses, exporters, and investors to leverage such platforms to expand markets and unlock new growth opportunities,” Mwaura said.

He emphasised Kenya’s commitment to advancing Agenda 2063’s vision of a united, prosperous, and economically integrated Africa.

According to the spokesperson, stronger collaboration and regional solidarity are essential to building resilient markets across the continent.

“We must look inward to strengthen our markets and unlock new growth opportunities through sustained collaboration and regional solidarity. In doing so, Africa remains firmly positioned to advance the vision of a united, prosperous, and economically integrated continent,” he noted.

Addressing Kenya’s economic outlook, Mwaura said the country is experiencing renewed investor confidence, attributing it to reforms undertaken by the current administration to restore credibility and stability in global financial markets.

“Kenya has successfully raised USD 2.25 billion through a dual-tranche Eurobond issuance. This is not simply about borrowing money; it is a carefully planned and strategic debt management operation,” he said.

He added that the recent credit rating upgrade reflects reduced default risks, stronger foreign exchange reserves, and a narrowing current account deficit.

“Simply put, global markets are acknowledging that Kenya’s economic reforms are working. The difficult but necessary measures undertaken by this administration are delivering measurable results,” he added.

Mwaura further underscored the government’s commitment to avoiding reckless borrowing and prioritising sustainability, transparency, and long-term economic stability.

He said this approach would reduce financing risks and strengthen international confidence in Kenya’s economy.