Ngatia pitches for investor-frien*ly policies
Milliam murigi @millymur1
The government has been asked to introduce supportive policies to help rebuild investors confidence post Covid-19 and attract key foreign direct investments necessary to support economic recovery.
Kenya National Chambers of Commerce and Industry (KNCCI) president Richard Ngatia says such policies will also help create more and better paying jobs, alleviate poverty, boost productivity and support business growth in every part of the country and across all sectors.
“It is our cardinal obligation to build investors confidence that they won’t be victims of witch-hunt for doing legit business.
As private sector leadership, we call upon the sector to develop a comprehensive post Covid-19 recovery process and framework that is well -tailored, co-ordinated to facilitate business recovery,” he said during a press conference in Nairobi yesterday.
Management systems
Ngatia said such policies will encourage big corporates to invest the country to support efforts and process of recovery, particularly targeting the small and medium enterprises (SMEs) community to provide a level playing field to cushion them from undue competition and subsequent closure.
To ensure business trust and integrity is adhered to, Ngatia said the chamber is committed to support responsible business and their members conduct and advance their management systems, attract investors, better manage supply chains and retain employees.
“We are committed to spearheading the drive for the integrity in business transactions as we believe that only a corruption-free system will enable all participants to compete on a level-playing field,” he added.
At the same time, Ngatia urged the media to be be ethical and provide balanced coverage devoid of unsubstantiated claims.
