Uhuru Kenyatta in London to push for more investment


President Uhuru Kenyatta is received by Jeremy Fern, representative of Her Majesty Queen Elizabeth II ...
President Uhuru Kenyatta is received by Jeremy Fern, representative of Her Majesty Queen Elizabeth II at the Royal Air Force Northolt Airport. Photo/PSCU

In Summary

  • President Uhuru Kenyatta has officially opened business at the London Stock Exchange.
  • He revealed that Kenya's National Oil Corporation will be dual listed in Nairobi and London.
  • The President said the move is important in promoting Kenya not only as a tourist destination but also as an investment hub.

President Uhuru Kenyatta will officially open business at the London Stock Exchange on Tuesday.

His Communication Secretary Manoah Esipisu said the visit is expected to focus on getting more investment for Kenya.

“We have began discussions about post-Brexit. There is a strong connection between our two countries. The UK is driving what it sees as alternative markets after it exits the European Union. The Continental Free Trade Area (CFTA) agreement will govern how Africa engages with them,” he said.

Mr. Esipisu was speaking to CitizenTV’s Waihiga Mwaura during a Skype interview from London.

On the issue of travel bans, he noted that Foreign Affairs CS Monica Juma, who is part of the U.K. delegation, would address any issues of concern with her counterparts.

President Kenyatta landed at the Royal Air Force Northolt Airport, London on Monday and was received by Jeremy Fern, representative of Her Majesty Queen Elizabeth II.

He is expected to attend the 2018 Commonwealth Heads of Government Meeting (CHOGM).

On the sidelines, the President will meet with the management of the London Stock Exchange Group and key investors to discuss business opportunities between Kenya and the U.K.

He is to later visit the Duke of Cambridge, Prince William at Buckingham Palace before meeting with Prime Minister Theresa May, a statement from PSCU said on Tuesday.

Later in the day, he will address a Kenya business forum before delivering a public speech at Chatham House.

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