President Ruto said Kenya offers an attractive investment environment anchored on clean energy, regional connectivity and a dynamic labour force.

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NORWAY, Oslo Jun 10 – President William Ruto has urged Norwegian investors and companies to use Kenya as a gateway to expanding business opportunities across Africa, citing the country’s strategic position, youthful workforce and growing economy.

Speaking during the Norway-Kenya Business Forum in Oslo on Tuesday, President Ruto said Kenya offers an attractive investment environment anchored on clean energy, regional connectivity and a dynamic labour force.

“Kenya brings a young and dynamic workforce, a rapidly growing economy, a strategic location at the heart of Africa, and one of the cleanest energy systems in the world,” Ruto said.

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The President noted that Norway’s strengths in clean energy, maritime technology, fisheries and sustainable investments complement Kenya’s economic transformation agenda.

“Norway brings world-leading expertise in clean energy, maritime technology, sustainable fisheries, and long-term capital backed by a sovereign wealth fund of $2 trillion that stands as a global model of patient and responsible investment,” he added.

Ruto said Kenya and Norway are deepening cooperation in key sectors including electric mobility, the blue economy and fisheries, noting that the partnership is already contributing to Kenya’s development agenda.

Despite bilateral trade remaining modest at approximately $54 million in 2025, the President said the two countries are targeting significant growth in commercial ties, with ambitions to raise trade volumes to $500 million by 2030.

The forum was attended by First Lady Rachel Ruto, Prime Cabinet Secretary and Foreign Affairs Cabinet Secretary Musalia Mudavadi, Trade Cabinet Secretary Lee Kinyanjui and senior government officials from both countries.

Earlier in the day, President Ruto held talks with the Norwegian Shipowners’ Association where discussions focused on expanding opportunities within Kenya’s maritime and blue economy sectors.

📰 Source: Capital FM Kenya