Kenyans to invest in Tertiary institutions

VILLAGE URUGWIRO - A group of Kenyan investors has decided to pool their resources to invest in Rwanda. This was revealed yesterday by former Kenyan minister of Trade Mukhisa Kituyi, after the 26-member group had paid a courtesy call on President Paul Kagame at Village Urugwiro. “We are here to collect information that will help us grow an investment enterprise that will start from Rwanda and thereafter spread to other East African countries,” said Kituyi. He said that they will start by establishing a senior nursing institution as well as a technical institution.
President Kagame receives a book from Mugo Kibati, former chief executive of East Africa Cables during a courtesy call by a group of Kenyan professionals who have formed an investment vehicle based in Rwanda. (PPU photo).
President Kagame receives a book from Mugo Kibati, former chief executive of East Africa Cables during a courtesy call by a group of Kenyan professionals who have formed an investment vehicle based in Rwanda. (PPU photo).

VILLAGE URUGWIRO - A group of Kenyan investors has decided to pool their resources to invest in Rwanda. This was revealed yesterday by former Kenyan minister of Trade Mukhisa Kituyi, after the 26-member group had paid a courtesy call on President Paul Kagame at Village Urugwiro.

“We are here to collect information that will help us grow an investment enterprise that will start from Rwanda and thereafter spread to other East African countries,” said Kituyi. He said that they will start by establishing a senior nursing institution as well as a technical institution.

“Our investment will mainly centre on training people who will work in the investment sector which is our portfolio,” said Kituyi.

The major reason they intend to launch their project in Rwanda, according to Kituyi, is because of the conducive investment climate in the country that is strongly backed by the political will of the Rwandan leaders spearheaded by President Kagame.

He added that they have already secured a lawyer who will help them in processing the appropriate paperwork to incorporate the company, whose partners have already pooled $200, 000 (Frw100m) as their starting capital.

“But that is just for a start,” he asserted.

The Executive Secretary of the Private Sector Federation, Emmanuel Hategeka, said that the investors are welcome especially as they will be investing in skills development in the country.

“The people who will be trained will of course serve in our industries as many Rwandans have been going to Kenya for studies especially in nursing…setting up the nursing institution will help boost our health sector,” Hategeka said.

He added that the fact that the Kenyans chose Rwanda as the starting point of their ambitious project further shows how the drive for attracting investments is paying off.

The group is made up of young successful businessmen who have made a name for themselves in the region. They include Mugo Kibati, the former CEO of East African Cables which operates in the whole of East Africa apart from Burundi.

Ends

 

Have Your SayLeave a comment