This archive report was first published on 17 October 2019.
Published on October 17, 2019, the American Chamber of Commerce in Kenya (AmCham) has identified corruption as a significant obstacle to trade between Kenya and the United States.
AmCham Kenya Chief Executive Maxwell Okello stated that despite high interest from US firms, many are hesitant to set up in Kenya due to persistent hurdles posed by poor governance. He attributed this to low awareness about investment opportunities in Kenya and the deterrent effect of corruption on American investors.
Okello also highlighted the need for more support from agencies responsible for advocating the interests of small businesses, which he said is crucial for empowering local businesses to take up opportunities that come with partnerships with US companies.
US Embassy Deputy in Charge of Economic Affairs Chris De Angelis emphasized the need for a more conducive environment for investors to grow their businesses, citing issues such as taxation as hurdles to new investments.
However, De Angelis assured that the US remains committed to deepening its relationship with Kenya to boost investment and trade, with the US standing as one of Kenya's longest trading and development partners.
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