German Investors Support Kenya

The German business community has said Kenya is still among its favourite investment destinations in Africa, despite the tragic happenings at the Westgate Mall, owing to its robust economy.

Germany

Germany

German officials have termed the terror attack on the mall as an isolated incident and that investors from the European nation will still stream into the country for business and leisure.

“We will continue to invest in Kenya. We will continue to do business with you and of course visit the country as tourists,” the Delegation of German Industry and Commerce in Kenya country director Ingo Badoreck said last week during the signing of a partnership between SEM, a Germany based energy firm, and Nairobi County.

Mr Badoreck said several other German firms were planning to invest in Kenya in sectors such as energy, food processing and health.

Last week, days after security agencies reclaimed the besieged mall, the European Union said it would not impose any travel advisories on Kenya in the aftermath of the terrorist attack.

The UK and Australia have, however, warned their citizens to avoid certain public areas in Kenya citing security concerns.

The Treasury is upbeat that Kenya will only suffer an economic blip on the back of the attack that it says is likely to slightly affect tourist confidence in the country. The upmarket mall was attacked by gunmen on September 21.

– Business Daily