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Nairobi, March 22, 2005

President Mwai Kibaki has a word with Mr. Paul Walsh the Chief Executive Officer of DIAGEO group of Companies who paid him a courtesy call at State House, Nairobi. EABL Chairman J.K Kiereni looks on.

President Kibaki reassures investors

President Mwai Kibaki today reassured both local and foreign investors that the Government is committed to providing a conducive environment for businesses to thrive.

The President said the Government has embarked on an aggressive campaign to improve infrastructure and reduce the cost of doing business in the country.

He, therefore, encouraged investors to take advantage of the existing opportunities to expand their businesses not only in Kenya but also in other countries in the East Africa region.

President Kibaki was speaking during a meeting with Mr. Paul Walsh, the Chief Executive Officer of Diageo Company, who paid him a courtesy call at State House, Nairobi.

On his part, Mr. Walsh thanked the President and the Government for the prevailing favourable investment climate in the country which has greatly contributed to the exceptional performance by East Africa Breweries which his company owns 50.3 percent shares.

Mr. Walsh said his company is looking forward to expanding its business in the Eastern Africa region through joint ventureship, saying the company has already invested 40 million US dollars in Kenya, Uganda and Tanzania.