Ruto Woos US Investors to Help Him Lower Cost of Living

  • President William Ruto meeting with US investors in New York on September 20, 2022.
    President William Ruto meeting with US investors in New York on September 20, 2022.
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    William Ruto
  • President William Ruto appealed to American entrepreneurs to venture into Kenya's agricultural sector, specifically in fertiliser manufacturing.

    In a dispatched from the President's communication team, it was revealed that Ruto urged the investors to partner with Kenya in the production of fertiliser - a major farm input.

    The head of state explained that the availability of fertiliser will help the country in the long run in the production of food, and lower the cost of living.

    President William Ruto in meeting with US investors on September 20, 2022.
    President William Ruto in meeting with US investors on September 20, 2022.
    Twitter
    William Ruto

    Ruto was meeting with representatives from the US Chamber of Commerce.

    The President rooted for increased bilateral commercial cooperation between the US and Kenya, saying he is looking forward to establishing new relationships and strategic partnerships with the U.S business community to enhance Kenya’s economic and social transformation.

    "He further held business meetings about fertiliser production and green energy to enhance Kenya’s agricultural production, to create jobs and develop a more resilient economy," read the statement in part.

    Ruto- who is currently in New York for the United Nations General Assembly (UNGA) meeting- underpinned that Kenya has positioned itself as a hub of investments, expressing his confidence over the potential of the economy.

    “Investors can predict the future of Kenya because it’s a democratic country. We have demonstrated as the people of Kenya, that the rule of law underpins public affairs,” he stated.

    The cost of living has been one of the major agendas Ruto has outlined to be a priority in his administration.

    Specifically, the President announced new prices of fertilisers during his inauguration - a move he stated will help farmers during the ongoing planting season that has begun in some parts of the country.

    The prices of fertilisers had shot to more than Ksh6,000 which the Jubilee administration stated had been occasioned by global factors such as the invasion of Ukraine by Russia.

    The Kenya Kwanza leader is set to make his maiden speech at the UN event at 9 pm today, Wednesday, September 21, where he will focus on emerging issues such as climate change.

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    President William Ruto, Kenyan Permanent Representative to the UN Ambassador Martin Kimani and Ababu Namwamba at the 77th UN General Assembly on Tuesday, September 20, 2022.
    William Ruto