State assures investors, promises stable policies

From left: Industrialisation CS Adan Mohamed, ABM Production Manager Stanley Ng’ang’a and Managing Director Guy Jack during a tour of the firm’s plant in Nairobi. [PHOTO: MURAGE WAWERU/STANDARD]

The Government has conceded that a number companies have closed shop in recent times due to harsh business environment in the country.

Industrialisation and Enterprise Development Cabinet Secretary Adan Mohamed agreed that in the last 20 years, working environment for companies has not been conducive and thus led to low production. This has led to loss of jobs, revenue to the Government and low production.