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Originally published by KBC Top Storiestop
June 9, 2026
4h ago
Ruto courts Belgian investors with push for local manufacturing in Kenya
President William Ruto has called on European investors to invest in value addition and manufacturing in Africa rather than exporting raw materials for processing abroad. The President urged Belgian investors to establish industries in Kenya, process minerals locally using clean ..
✨ Key Highlights
President William Ruto is actively courting Belgian investors to establish manufacturing and value-addition industries in Kenya, emphasizing the nation's potential as a clean energy hub and a gateway to the African market. The appeal was made during the Kenya-Belgium Business Roundtable in Brussels.
- $1 billion: The target for bilateral trade between Kenya and Belgium by 2030, aiming to double the number of Benelux companies operating in Kenya.
- President William Ruto and Belgian investors, including representatives from SIEG Trade Solutions and Renasci.
- Clean energy advantage: Kenya's over 90% renewable energy reliance, particularly geothermal, positions it favorably to meet Europe's Carbon Border Adjustment Mechanism requirements.
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