Foreign investors issue demands before investing their money in Kenya
Foreign investors issue demands to be met before investing their money in Kenyan counties.
The Council of Governors Chairperson Anne Waiguru has embarked on a project to upend the face of investments across the country.
In a meeting with foreign investors On Monday, October 31, the Council of Governor’s chair called for the alignment of donor-funded projects and programs with the County Integrated Development Plans (CIDPs).
The meeting was attended by ambassadors, high commissioners, mission representatives, country representatives, and development partners.
In the meeting, the investors sought to have mutual accountability of funding and ownership of programs by the benefiting communities.
Denmark’s Ambassador to Kenya, Ole Thonke, emphasized on the need for taxpayers from the donor countries and receiving partner countries to see value for money in projects and the use of resources.
Waiguru noted working together and aligning all development interventions would reduce duplication of efforts and build synergies for the transformation of the country.
“I call upon all development partners to plug into the process and ensure we plan and implement together,” stated Waiguru.
The Governor further explained that the deliberations will foster better coordination of the development programs in the respective counties recognizing the role that development partners play in bridging the budget deficit and supporting public investments that are aligned with the county development agenda.
“We are cognizant of the economic situation not just in the country but the globe at large.
“As the Kenya economy is recovering from the significant shocks experienced during the Covid-19 pandemic, we have again been hit by the severe drought that has greatly affected most parts of the country,” she added.
The COG under the leadership of Governor Waiguru has been meeting with development partners with the view of securing their support for the counties.
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