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The Government of Kenya will host an International Investment Conference focusing on Services on May 25-28, 2005 in the capital city of Nairobi. The conference to be officially promoted as Kenya 2005 is a follow-up to Kenya 2004 held in March and focused on Infrastructure and Agro-processing. An inaugural National Investment Conference was also held in November 2003.
The overall goal of these Government of Kenya sponsored conferences is to showcase and promote Kenya as an investment destination of choice, for both local and international business. Kenya 2005 comes at time when some significant progress has been made in addressing some of the major issues of concern to investors, including the fast-tracking of the enabling legislation for an improved business environment in Kenya.
Objectives of Kenya 2005
The main objective of Kenya 2005 is to solidify Kenya's place as the most attractive services investment destination in the rapidly changing global and regional political economy. The conference is expected to showcase the diversity, the breadth, and the depth of Kenya's service sector as well as the human and financial resources that can be brought into play. The Knowledge Based Economy is not only relevant in the ICT sector, but also recognises the modernizing impact, and efficiency gains arising from the use of ICT in delivery of services, in such sectors as tourism, the financial markets, education, health, economic diplomacy, property transactions, transport and in trade. Kenya already offers health and education facilities for the entire East African region and hence a special concern of Kenya 2005 will be on how those services can be sold and enhanced in a more service-oriented economy that is facilitated by a solid knowledge base.
Expected Outcomes
Kenya 2005 is therefore expected to showcase its strong foundations, and generate greater interest among international and local investors, on investment opportunities in the services sector. It will create the opportunity for initiating or completing deals in sectors such as health, education, investment banking, and back-office processing, just to mention a few. It will assist in fast tracking Kenya as Africa's fastest growing destination for investment in services, and help it to join India, Argentina, and China, as one of the global centers for outsourcing of services. It will help Kenya identify and take advantage of opportunities in the services sector available through the Africa Growth and Opportunities Act (AGOA), the European Union - Africa Caribbean Pacific (EU-ACP) Cotonou Agreement, and the World Trade Organization (WTO).
Attendance and Registration:
Attendance to Kenya 2005 will be by advanced registration. International Delegates: USD400; Local Delegates: Kshs 15,000 or USD200. It is understood that this fee covers conference teas and some meals, but does not include delegates transport and accommodation which must be arranged individually.
Enquiries and Further Details
Further information relating to the Government of Kenya arrangements for Kenya 2005 can be obtained from the undersigned:
The Permanent Secretary
Ministry of Planning and National Development
Government of the Republic of Kenya
P.O. Box 300095 Nairobi
Phone: 254-020-338111
E-mail: psplanning@treasury.go.ke
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