, NAIROBI, Kenya, Aug 19 – The Chairman of the Kenya National Chamber of Commerce and Industry Kiprono Kittony is among business leaders accompanying President Uhuru Kenyatta in China to execute a major push to woo Chinese investors to Kenya.
Kittony who has led a 69-member trade and business delegation to the Asian country will be signing an MOU with the Chinese Chamber of Commerce and Industry to boost Kenya’s investments.
The delegation is from different sectors of the Kenyan economy, which includes hospitality, banking and finance, mining, transport, building and construction, energy and agriculture.
“This tour is critical for our country’s business aspirations, we will be looking to partner with Chinese firms to attain value addition of Kenyan products before export, this is one of the ways of achieving trade balance that is currently hugely in favour of China,” Kittony said.
He said one of the ways of narrowing the gap was by Kenya diversifying the number of products entrepreneurs export to China.
“We will need to create more business linkages with relevant Chinese business enterprises in order to help our people export more,” he added.
Kittony urged Chinese investors to set up companies in Kenya and manufacture locally for export to the Chinese market.
“Chinese business should enter joint ventures with Kenyans or even individually and take advantage of the political stability and the very attractive investment incentives provided by the Kenyan government.”
Many business to business matchmaking meetings have also been arranged between the Kenyans and the Chinese counterparts.
Kittony lauded the move by president Kenyatta to include large business delegations, saying this will expose the Kenyan business people to the many opportunities available in China.
He noted that among the highlights of the president’s engagements with the Chinese leadership is the conclusion of discussions on the standard gauge railway line project.
“The proposed standard gauge railway line will be a major boost to our Intra-Africa trade aspirations. I hope the president will wrap this up during state visit to China” Kittony stated.
Kittony said Kenya was well positioned to be the manufacturing, education, medical, transport hub in the East, Central and the horn of Africa region.
“We must therefore put our acts together and roll out the infrastructure including addressing the high energy if we must exploit the over 200 million people market,” he said.