Deputy President Kithure Kindiki has called on African countries to strengthen national institutions, accelerate industrialisation and create an investment-friendly environment to unlock sustainable economic growth across the continent.
Speaking on behalf of President William Ruto during the opening of the 26th Annual General Meeting of the African Trade and Investment Development Insurance (ATIDI) in Nairobi on Wednesday, July 1, Kindiki said Africa must take charge of its own development agenda by creating wealth for its citizens and building resilient economies.
“Africa has the responsibility to author its own destiny,” Kindiki said.
Africa must create wealth and attract investment
The Deputy President said African governments should prioritise policies that encourage investment while fostering long-term economic stability.
According to Kindiki, creating a predictable business environment will be critical in attracting both local and international investors capable of driving industrial growth and job creation.
“African nations must go at all lengths to create wealth for their people and establish a long-term stable environment that is friendly to investment,” he said.
He noted that sustainable economic transformation would require governments to implement policies that support enterprise, strengthen financial systems and encourage private sector participation.
Kenya’s development agenda anchored on strong institutions
Kindiki said Kenya’s economic transformation agenda is built on industrialisation, modern infrastructure and improving the quality of life for citizens.
He explained that achieving these ambitions depends on strengthening public institutions capable of sustaining development beyond political transitions.
“Kenya’s ambitious programme to industrialise, modernise its infrastructure and improve the quality of life for its citizens must be anchored on the continuous strengthening of national institutions,” Kindiki said.
He added that stable institutions provide the certainty needed to sustain economic reforms and maintain investor confidence.
Call for policy consistency across Africa
The Deputy President challenged African leaders to safeguard long-term development plans from frequent policy shifts that have slowed progress in many developing countries.
Kindiki said consistent policies are essential for nurturing strategic sectors of the economy and enabling countries to move up the global value chain.
“Long-term growth of key sectors is crucial to moving our country from the third world to the first world without the policy disruptions that are common in Africa and much of the developing world,” he said.
ATIDI meeting focuses on investment and economic resilience
The African Trade and Investment Development Insurance (ATIDI) Annual General Meeting brings together policymakers, development partners, investors and financial institutions to discuss strategies for expanding trade, reducing investment risks and strengthening economic resilience across Africa.
Kindiki said forums such as the ATIDI meeting provide an opportunity for African countries to deepen cooperation, unlock investment opportunities and advance shared economic prosperity.
He reaffirmed Kenya’s commitment to supporting initiatives that strengthen regional trade, attract investment and accelerate inclusive economic development across the continent.
