Committee to steer more Chinese investments in Kenya

August 25, 2015
Shares
Speaking when he paid a courtesy call at Industrialist Dr Chris Kirubi's office in Nairobi, Liu noted that there was need for the local private sector to play a key role in assisting Chinese investors/MUTHONI NJUKI
Speaking when he paid a courtesy call at Industrialist Dr Chris Kirubi’s office in Nairobi, Liu noted that there was need for the local private sector to play a key role in assisting Chinese investors/MUTHONI NJUKI

, NAIROBI, Kenya, Aug 25 – Chinese Ambassador to Kenya Liu Xianfa says the embassy is seeking to form a committee to be led by the local private sector with the aim of helping Chinese investors to come and set up businesses in Kenya.

Speaking when he paid a courtesy call on Industrialist Dr Chris Kirubi in Nairobi, Liu noted that there was need for the local private sector to play a key role in assisting Chinese investors easily settle and do business in Kenya.

He says most of investors from his country may not have a clear idea on the great opportunities in Kenya as well as the risks involved in various ventures.

“I am here to seek advice from you. From the business cycle I know you would be in a good position and we would ask you to nominate other business leaders to help business people from China on how to invest here. They should know more about this country and I believe people like you are experienced,” Liu said during his discussion with Kirubi on Tuesday.

He said China is ready to do business with Kenya as well as share innovative ideas that his country has come up with and which are being used across the globe.

“We have built over 16,000 speed rails in China which is like 22 percent of the global number. It is time for us to share the technological innovations with others in Africa. Africans are our brothers and sisters,” the ambassador said.

On his part, Dr Kirubi noted that even as Chinese and other foreign investors seek to come to Kenya, there was need for the government to come up with a policy that will provide land for industrialists.

He says if the issue of land is not solved soon, it will continue to remain a barrier to attracting investors in Kenya.

“A Chinese company has no business in owning land in Kenya but has money to set up a big business. Sometimes looking for this land is even tiresome. I am ready to offer part of my farm in Thika for any firm to build a factory there. I will not charge them,” he said.

Kirubi also emphasised the need to deal with language barrier between Kenyans and Chinese that continue to be a big challenge for business between the two countries.

This, he said can only be addressed by introducing language programs in learning institutions.

The ambassador however said they are working on it and so far there are over 40 Chinese teachers who are working in Kenya.

Shares

Latest Articles

Stock Market

Most Viewed