By Uhuru Kenyatta
Today I made a live video address to the Milken Institute Global Conference in Los Angeles in California, the United States.
I urged American businesses to ignore untruths about Africa and invest in the continent. Africa is a place of diverse countries and peoples, with considerable opportunities for trade and investment. I invited them to engage the team of Kenyan Government officials and private sector representatives at the conference and see how we can work together.
ThisÂ conference is a superb opportunity to replace the older, darker view with a more accurate picture on Africa. Kenya has made substantial investments in infrastructure â€“ the Mombasa port is being expanded, a new standard-gauge railway running from Mombasa to Uganda is being built and a new port in Lamu is under construction.
We are the gateway to Africa; its ninth-largest economy; and the heart of a community of 150 million people. We aim to make the most of these advantages.
Kenya is keen to form partnerships in ICT, agriculture, energy, financial services and manufacturing. Though Kenya has the best Internet connectivity in Africa, more could be done from the experience of others. There is potential for partnerships in energy, especially because Kenya has perhaps half of Africa’s potential geothermal power.
Africa is the second-fastest growing continent as demographics and technological shifts have clearly shown and we will soon have about one billion young Africans of working age and over 100 cities of at least a million people each. Africa has adopted technology that has eased old challenges. There are as many as one and a half times as many mobile-phone users in Africa as in the US.
With Africaâ€™s economic management better and political and economic risk ratings in line with the BRICs, the importance of economic and political stability cannot be under-rated. Reforms in various countries in the continent have revived African solidarity.
We have renewed our conviction that if we stand together, we can solve our problems and earn the prosperity and freedom that we deserve. Africa with support of friends and partners and has the second-best rate of return in the world.