After calm transition, investors troop to Kenya

May 8, 2013
Shares

,

promotion organization in Mauritius are currently in the country to look for ways of strengthening bilateral trade and investment relation between Mauritius and Kenya/FILE
promotion organization in Mauritius are currently in the country to look for ways of strengthening bilateral trade and investment relation between Mauritius and Kenya/FILE
NAIROBI, Kenya, May – Following the peaceful election and transition in Kenya, foreign investors have already started seeking business opportunities in the country.

Members of trade promotion organization in Mauritius are currently in the country to look for ways of strengthening bilateral trade and investment relation between Mauritius and Kenya.

Enterprises Mauritius Liaison officer in Kenya Charles Kutwa says close to 60 investors will be in the country this week to look for ways of promoting and facilitating export of products and services from Mauritius to Kenya and vice versa.

“There is plenty of market in Kenya and very good environment for investment now. We are looking at the possibilities of Kenyan entrepreneurs partnering with our people in terms of investing in Mauritius or here in Kenya,” Kutwa said.

The networking between buyers and sellers from both countries will mainly focus on textile sector, garments and accessories, printing, packaging, publishing and plastics, furniture, paints and chemicals footwear.

“We were very keen on the elections issue in Kenya and I am glad to note that we had the most peaceful election in Kenya. This has made Kenya to be like an attractive girl whom every person is admiring,” Kutwa noted.

He says this will be a great move in promoting intra-African trade which he says will play a great role in unlocking the countries in the continent from high poverty levels.

Kutwa challenged the Kenyan government to take the advantage of the current growing business environment and come up with policies that will not only attract investors but keep them.

Historically, African countries have always provided cheap raw materials to their colonial powers, which they in turn use to fuel their own industrial revolutions.

“Intra trade in Africa will encourage the efficient use of production factors, neutralize the uneven distribution of resources, allow for the development of a wider range of products and also provides access to new markets,” he said.

Intra trade in Africa is only about 10 percent compared to the European Union that is doing close to 60 percent trade, due to lack of connectivity between the African markets.

Shares

Latest Articles

Stock Market

Most Viewed