AmCham Kenya in Partnership with Oxford Business Group to collaborate on Research for The Report: Kenya 2015
AmCham Kenya CEO Ferial Nathoo and OBG’s Country Director for Kenya Veselina Kracheva sign the Memorandum of Understanding.
The American Chamber of Commerce Kenya (AmCham) has signed a second Memorandum of Understanding (MOU) on research with OBG for its forthcoming report on Kenya’s economy. Under the MOU, OBG will work with the chamber to compile data and produce analysis for The Report: Kenya 2015.
Ferial Nathoo, Chief Executive Officer, AmCham Kenya, said that while the country was already firmly established as a regional heavyweight, the latest initiatives showed that the country recognised the importance of responding quickly to the needs of the private sector.
“While investors will already be aware of Kenya’s advantages, which include sound, long-term fundamentals, the country’s ease of doing business gives it an added edge,” she said. “Oxford Business Group’s first report on Kenya played a pivotal role in keeping investors up to date on the country’s many, important economic developments. I am delighted that we will be involved in letting the Group’s readers know what the next wave of change means for business worldwide.”
OBG’s Country Director for Kenya Veselina Kracheva agreed that Kenya’s large and competitive labour force, natural resources and strong export profile would strengthen its efforts to boost capital inflows, while helping the country reduce the impact of cyclical and short-term pressures.
“As one of the world’s fastest growing middle-income economies, Kenya needs to continue attracting foreign investment as a means of supporting this growth,” she said. “Our second partnership with the American Chamber of Commerce Kenya will support our analysis of the country’s economy, enabling our team to map out the opportunities emerging for international investors and the challenges they face.”
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