{"id":102484,"date":"2023-09-11T17:16:30","date_gmt":"2023-09-11T17:16:30","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/kittony-keen-on-fdis-as-he-makes-cut-in-world-chamber-chair-list"},"modified":"2023-09-11T17:59:35","modified_gmt":"2023-09-11T17:59:35","slug":"kittony-keen-on-fdis-as-he-makes-cut-in-world-chamber-chair-list","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/kittony-keen-on-fdis-as-he-makes-cut-in-world-chamber-chair-list","title":{"rendered":"Kittony keen on FDI\u2019s as he makes cut in World Chamber chair list"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>Attracting more Foreign Direct Investments to Kenya will be among key focus areas for renowned business leader Kiprono Kittony if elected chairperson of the World Chamber Federation, he has indicated.<\/p>\n

The Nairobi Securities Exchange (NSE) chairman is also keen on driving growth in the value and volume of Kenya\u2019s exports, while creating more global business links.<\/p>\n

Kittony has made the final list of candidates shortlisted for the position of Chairperson\u2013World Chamber Federation (WCF).<\/p>\n

Other candidates in the final shortlist include Jean-Pierre Antelo (Boliva), A.K Azad (Bangladesh), Rifat Hisarciklioglu (Turkey) Turkiye Toki Mabogunje(Nigeria) and Rim Siam (Egypt).<\/p>\n

Headquartered in Paris, France, the federation is the premier global umbrella body of the Chamber movement worldwide, whose Kenya National Chamber of Commerce and Industry (KNCCI) is a member.<\/p>\n

\u201cI am delighted to offer my candidature for the position of World Chamber Federation Chair. If successful, this will be a great opportunity to attract investors to Kenya and drive growth in the value and volume of our exports,\u201d Kitonny said.<\/p>\n

WCF director-global partnerships and development said the chairperson selection committee received a total of six candidates \u201cfrom highly qualified individuals\u201d for the position.<\/p>\n

\u201cThe WCF chair selection committee is now examining all candidates, and we will keep you informed on the next steps in the election process,\u201d director, Julian Kassum said.<\/p>\n

Kittony is a well-known business leader and the former president of KNCCI, a former vice chair of the World Chamber Federation, among other roles.<\/p>\n

He is credited with the revival of the KNCCI where he served two terms, ending leadership wrangles that had rocked the chamber in the 90s, and bringing it back to become a leading business lobby entity with global recognition.<\/p>\n

\u201cHis candidacy has been endorsed widely and if he succeeds, he will be the first business leader from the continent to ascend to this position,\u201d chamber president Erick Rutto stated.<\/p>\n

Kittony, who also holds leadership positions in other top companies, was appointed NSE chairman in July 2020 for a three-year tenure and has been.<\/p>\n

He has been keen to see a growth of the country’s capital markets including a push for more listings at the bourse.<\/p>\n

Sitting at the WCF is likely to help drive growth of FDI\u2019s in Kenya where between 2015 and 2021, Kenya\u2019s total stock of FDI stood at $10.4 billion (Sh 1.5 trillion).<\/p>\n

Major investors include the UK , Mauritius, US, South Africa and France.<\/p>\n

FDI stock is predominantly in finance and insurance (around 33%), information and communication (16.1%), wholesale and retail (15.4%) and manufacturing activities (14.8%).<\/p>\n

Kenya has traditionally been one of the largest recipients of FDI in Africa.<\/p>\n

According to UNCTAD Investment Report, foreign investment into Kenya has also been partly driven by project finance activity in transport infrastructure.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. Attracting more Foreign Direct Investments to Kenya will be among key focus areas for renowned business leader Kiprono Kittony if elected chairperson of the World Chamber Federation, he has indicated. The Nairobi Securities Exchange (NSE) chairman is also keen on driving growth in the value and volume of Kenya\u2019s exports, while creating […]<\/p>\n","protected":false},"author":84,"featured_media":102483,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[6857,7003,544],"class_list":["post-102484","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nKittony keen on FDI\u2019s as he makes cut in World Chamber chair list - kenya<\/title>\n<meta name=\"description\" content=\"Attracting more Foreign Direct Investments to Kenya will be among key focus areas for renowned business leader Kiprono K ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/kittony-keen-on-fdis-as-he-makes-cut-in-world-chamber-chair-list\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kittony keen on FDI\u2019s as he makes cut in World Chamber chair list\" \/>\n<meta property=\"og:description\" content=\"Attracting more Foreign Direct Investments to Kenya will be among key focus areas for renowned business leader Kiprono K ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/kittony-keen-on-fdis-as-he-makes-cut-in-world-chamber-chair-list\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-11T17:16:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-11T17:59:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/09\/sm_1694438735.939915.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kittony-keen-on-fdis-as-he-makes-cut-in-world-chamber-chair-list#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kittony-keen-on-fdis-as-he-makes-cut-in-world-chamber-chair-list\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Kittony keen on FDI\u2019s as he makes cut in World Chamber chair list\",\"datePublished\":\"2023-09-11T17:16:30+00:00\",\"dateModified\":\"2023-09-11T17:59:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kittony-keen-on-fdis-as-he-makes-cut-in-world-chamber-chair-list\"},\"wordCount\":478,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kittony-keen-on-fdis-as-he-makes-cut-in-world-chamber-chair-list#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/09\/sm_1694438735.939915.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/kittony-keen-on-fdis-as-he-makes-cut-in-world-chamber-chair-list#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kittony-keen-on-fdis-as-he-makes-cut-in-world-chamber-chair-list\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kittony-keen-on-fdis-as-he-makes-cut-in-world-chamber-chair-list\",\"name\":\"Kittony keen on FDI\u2019s as he makes cut in World Chamber chair list - 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