President William Ruto announced that the government was committed to instituting policies to advance space technology in the country.
In a statement by State House spokesperson Hussein Mohamed, on Thursday, December 15, the President noted that the move would elevate Kenya's status on a global scale.
The President made the announcement in a high-level roundtable at Arizona State University’s Thunderbird School of Management.
The meeting, which brought together corporate executives and stakeholders across various sectors, focused on positioning Kenya as one of the most favourable investment destinations for the abundant US capital.
The stakeholders also discussed ways of scaling the Konza Technopolis also known as the Silicon Savannah.
The Head of State pointed out that space technology advancement in the country would be achieved through funding and partnership from investors from the US.
Before attending the Arizona meeting, Ruto had earlier addressed the US-Africa Summit on ‘The Future of Africa’s Trade and Investment.’
He asked the US to take advantage of Africa’s huge population and business prospects and accelerate investment in the region.
“The US should take advantage of the African Continental Free Trade Area (AfCFTA) which is on the cusp of take-off.”
“There is also the availability of labour and green energy potential in Africa to drive prosperity on a global scale,” Ruto urged investors.
He also outlined why Kenya is the best place to invest in the continent.
“Kenya is one of the most favourable investment destinations for the abundant US capital.”
“This is because there is a competitive advantage brought by maturing constitutional democracy and a well-developed financial and commercial ecosystem,” the President reiterated.
