President Uhuru Kenyatta in Kuwait to woo investors
19th November, 2013
President Uhuru Kenyatta is in Kuwait targeting to attract investments and financing of development projects in the third Africa-Arab summit. The president will also separately hold talks with the leaders of Kuwait, Qatar, United Arab Emirates, Saudi Arabia, Bahrain and Palestine to discuss joint financing mechanisms for development projects to promote trade and investment, global fight against terrorism, human trafficking, and piracy. Africa continent continues to lag behind in attraction of foreign direct investments compared to other continents and hence the Arab world is expected to help bridge this gap together with Asia even as the developed economies struggle to emerge from recession. The president has already met executives from the Kuwait fund for Arab and economic development and discussed loans and grants already approved for a hospital in Wajir and schools in Nyamira, in the Nyanza region.