UK to invest £1.3billion in Kenya

British Prime Minister, Boris Johnson has pitched £1.3 billion worth of (about Sh170 billion) business opportunities to a Kenyan delegation led by President Uhuru Kenyatta at the inaugural UK-Africa Investment Summit held in London as part of the United Kingdom’s post-Brexit economic plan.

A statement by the British High Commission in Nairobi says the deals cut across housing, finance, renewables and entrepreneurship “will create a new lasting partnership that will deliver more investment, jobs and growth to Kenya.”

The summit comes at a time British corporate giants in Kenya such as Barclays, British luxury carmaker, Land Rover, Standard Chartered Bank , British American Tobacco  and Unilever are struggling to fend off a stiff challenge from aggressive rivals.