Insecurity tops list of investors’ concerns

By ANTONY GITONGA

Nakuru, Kenya: Swedish investors visiting Kenya have expressed confidence that the country has the potential for business ventures.

Under the Confederation of Swedish Business Enterprise, which represents over 60,000 investors, the group noted that insecurity would pose a challenge to investment.

Addressing the Press after visiting Oserian flower farm in Naivasha, Executive Vice-President of the association Lars Johanson said they were seeking business opportunities in Kenya.

Johanson, who was accompanied by a group of investors, was, however, quick to express concern over cases of insecurity and graft.

“Kenya has the potential to grow and is heading in the right direction but cases of insecurity and corruption are worrying,” he said.

Charles Darell from Oserian said that flower farmers in Naivasha were engaging Nakuru County over the newly introduced one per cent tax on their gross turnover.

He noted that farmers were already overburdened by taxes from the central Government.