President Ruto Unveils $2.9bn Investment Deals, 63,000 Jobs in Kenya
The investments span across agriculture, manufacturing, ICT, Business Process Outsourcing, healthcare, energy, and real estate. - Kenya breaking news | Kenya news today | Capitalfm.co.ke..
✨ Key Highlights
President William Ruto has announced over $2.9 billion in new investment deals expected to create 63,000 jobs in Kenya. The unveiling took place during the Kenya International Investment Conference in Nairobi.
- Investments will span sectors including agriculture, manufacturing, ICT, and healthcare, with agriculture alone attracting $1 billion.
- President Ruto highlighted ongoing government reforms aimed at improving the ease of doing business and investor confidence, including tax reforms and the digitization of services through the One-Stop Investment Centre.
- President Daniel Chapo of Mozambique also spoke, emphasizing the importance of private sector investment for Africa's development.
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Governors Demand Larger Share of KSh 2.9 Trillion Budget - March 2026
The Council of Governors (CoG) is pushing for a Ksh 534 billion budget share for counties in the 2026/27 fiscal year, citing increased responsibilities and financial strain. The Commission on Revenue Allocation (CRA) proposes a lower figure, creating a row with the national government. This demand comes as President William Ruto announced over $2.9 billion in new investment deals expected to create 63,000 jobs at the Kenya International Investment Conference in Nairobi, with tendering and construction works for the Nairobi-Mombasa Expressway set to begin soon to transform Kenya into an industrial nation.
