Editorial

EDITORIAL

Kenya, the right time for tourism and investors

Opportunities to be seized for Ruto-Bis

18-07-2024 by Freddie del Curatolo

The internal problems with the protests of the youth of ‘Generation Z’, the economic impasse aggravated by the forced renunciation of the onerous new taxes initially contained in the 2025 financial bill, the public debt that is advancing, exceeding 70 billion euro and above all representing more than 65% of the gross domestic product, a threshold defined by experts beyond which the country could sink into the blackest recession. In short, Kenya seems to be at a point of no return for which now more than ever there is a need to open up to foreign business and international tourism, facilitating arrivals, bureaucracy for those who invest and the lives of those who stay there.
Before his torpedoing, which was part of President Ruto's almost internal dissolution of the government, the Minister of Tourism and Wildlife, Alfred Mutua, had already pointed to cooperation in tourism as an indispensable resource to increase the country's foreign currency revenues and thus keep inflation at bay.
But that is not enough, the direction taken by the Ruto government at the end of last year, namely the digitisation of licensing, permit and other systems, must be continued. While the introduction of ETA has improved the immigration service in terms of entry into the country, it has also reduced the possibility of corruption.

But there is still much to be done, for example, to speed up and remove the ‘bribes’ for other services, such as renewals of visas and permits, both work and residence, to speed up and make more transparent the paperwork for ‘permanent residence’ and for dual passport citizenship. As well as perhaps enticing new investors with tax breaks for the first few years or discounted permits.
Also because other African nations that have started to do this are reaping excellent rewards. These include neighbouring Tanzania, which, a bit like Spain did against Italy a few years ago, is overtaking its ‘rich cousins’ who are slower, in debt and at risk of short-sightedness.
Optimistic rumours await the composition of the new government, the probable Ruto-Bis (even if Gen Z does not give up and would like to send him home, dissolving parliament and calling new elections) with new ministers who should act in a transparent direction and think about sending a new message, especially to the tourist sector and international investors: willingness to collaborate and facilitate the work and stay of those who can only bring benefits to this country, its people and the state coffers.

Translated with DeepL.com (free version)

TAGS: turismoeconomiagovernopermessifacilitazioni

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