President William Ruto’s foreign trips will not attract any investors into the country, opposition leader Raila Odinga has said.
Speaking in an exclusive interview with Citizen TV aired on Wednesday evening, the Azimio la Umoja-One Kenya leader said Kenya Kwanza’s hiked taxes are scaring away investors.
According to the former Prime Minister, the head of state’s foreign trips are a waste of time.
Raila went ahead to note that the current administration has created a very unfriendly environment for business and as result, investors are opting for tax-friendly destinations.
He said investors ask those already in the country how the environment is before they choose to invest.
President Ruto has made more than 40 foreign trips to several countries since taking over power in September last year and has defended them as a mission to attract foreign investors to Kenya and organize jobs abroad for Kenyans.
Speaking on December 17 at State House during a joint press interview, the President said that despite his many travels he can account for every shilling.
The President said that through his foreign travels, Kenya has benefited from the bilateral deals that have revived stalled projects and given Kenyans jobs.
Ruto admitted that he has travelled more than his predecessor Uhuru Kenyatta and affirmed that it is because of that the country is now stable.
An analysis of Controller of Budget reports, since Ruto ascended to power in September last year, shows that the presidency has spent Sh357 million on foreign travel alone.
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