President William Ruto landed in Kisumu today to attend the Fourth Investment Conference of the African Sub-Sovereign Governments Network (AfSNET), a high-profile event aimed at strengthening intra-African trade and investment. The conference, organized by the African Export-Import Bank (Afreximbank) in partnership with Kisumu County and the United Cities and Local Governments of Africa (UCLG Africa), runs from November 25 to 27 under the theme, “Leveraging the AfCFTA for Sustainable Trade and Investment: A Development Pathway for African Sub-Sovereigns.”
The AfSNET conference serves as a platform for regional governments across Africa to showcase investment opportunities, engage with financiers, and enhance local development. A key highlight includes discussions on how the African Continental Free Trade Area (AfCFTA) can empower sub-sovereign entities to drive sustainable economic growth. In this context, Afreximbank has committed $2 billion to support trade and investment initiatives at the local level.
Governor Anyang’ Nyong’o of Kisumu emphasized the importance of decentralization in Africa’s economic transformation and invited delegates to explore Kisumu’s economic potential. The event also features an exhibition and investment promotion training aimed at fostering collaboration among sub-national entities.
The presence of President Ruto underscores Kenya’s commitment to AfCFTA’s objectives and the empowerment of regional economies. The conference aligns with the broader goal of making African markets more competitive and integrated, furthering development across the continent.
