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Ruto appeals for foreign business with government

Business investors at the Hague, Netherlands, where they met with President William Ruto (not in the picture).

The Government of Kenya is committed to making the country an attractive investment destination, and for foreign business, said Ruto.

The President said the government has put in place incentives that would attract foreign business, and thus pump money into the economy.

He said the Government is improving on its one-stop-shop facility policy to make it easier for investors to do business in the country.

“We have taken measures to implement reforms to attract foreign direct investments,” the President added.

President Ruto was speaking on Monday during a business forum that brought together investors from the Netherlands, held at The Hague, in The Netherlands.

He told the investors and other foreign business actors that his Kenya Kwanza Government has resolved the bureaucratic (VAT) Value Added Tax refunds.

The President also appealed to foreign business investors to inject their finances in the affordable housing project, preventive healthcare, MSMEs and the creative economy. He noted that the country was facing a shortage of houses, especially in major cities.

“We will provide land for the construction of the houses for free to reduce the cost of production,” he said.

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