President William Ruto has lauded the deepening ties between Kenya and the United Kingdom stating that as a result of this cooperation, Kenya positions itself to attract more investments. The head of state was speaking during the symbolic bell-ringing ceremony at the London Stock Exchange opening on Wednesday July 2, 2025.
President Ruto seized the moment which was part of Africa Debate Forum, to highlight the importance of capital markets in advancing growth of Africa economically.
“Capital markets serve as efficient mechanisms for mobilizing domestic savings, attracting international capital, and channeling resources into long-term investments in infrastructure, innovation, and industrial transformation.”
In Kenya, the head of state affirmed his government’s radical reforms of expanding and strengthening the domestic market.
“Kenya is committed to the development of its capital markets, particularly through strengthening the Nairobi Securities Exchange.”
According to Morgan Stanley Capital International Nairobi Securities Exchange emerged as Africa’s top performer in dollar returns in 2024 results the Head of state attributed to his administration’s strategic economic measures.
In what appears as a hint of more looming privatization plans, the President said his government plans to ‘list the Kenya Pipeline Company through an IPO in 2025’ a move he believes will attract more investments into the energy sector.
Ruto concluded by commending UK’s role in supporting Africa’s financial sector citing Mobilist and FSD Africa initiatives as key unlocking more investment opportunities in Africa while also calling for deeper collaboration.
