• Mudavadi highlighted Kenya’s strategic role as an economic powerhouse, noting that Kenyan financial institutions operate over 550 branches across the region. “This showcases our position as a key economic hub on the continent,” he emphasized.

At the 5th German-African Business Summit (GABS 2024) held in Nairobi, Kenya, Prime Cabinet Secretary Musalia Mudavadi declared, “Kenya boasts the most open and dynamic financial sector in the region and on the continent. Investors can be confident in their ability to freely repatriate their hard-earned returns without worry.”

Mudavadi highlighted Kenya’s strategic role as an economic powerhouse, noting that Kenyan financial institutions operate over 550 branches across the region. “This showcases our position as a key economic hub on the continent,” he emphasized.

The summit, running from December 2 to December 4, 2024, serves as a vital platform for organizations to connect and network with more than 500 businesses and institutions from Germany and Sub-Saharan Africa.

Photo/Courtesy: Musalia Mudavadi on X)

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“Kenya remains steadfast in its commitment to being the gateway to East Africa and the broader African market,” Mudavadi stated. He explained that guided by Vision 2030, Kenya is evolving into a newly industrializing, middle-income economy. The Prime CS also said that the government is also collaborating with global partners to achieve the United Nations Sustainable Development Goals (SDGs), focusing on clean energy, climate action, and inclusive growth.

“Collaborations with German enterprises are critical to realizing these shared ambitions,” he added. “Our partnership with Germany transcends business, encompassing cooperation in areas like labor migration, climate resilience, education, and healthcare. Together, we are tackling some of the world’s most pressing challenges.”

 Musalia Mudavadi underscored that the German-African Business Summit serves as a crucial platform to deepen collaboration, unlock new opportunities, and foster success for a shared future.