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Kisumu to host the Lake Basin Expo and Investment Summit

The summit is a first of the regional summits across the country where the emphasis is placed on economic blocks rather than individual counties./XINHUA

NAIROBI, Kenya, Jan 25 – Kisumu is set to host the Lake Basin Expo and Investment Summit that will bring small and medium enterprises in twelve counties of the economic block.

The summit is a first of the regional summits across the country where the emphasis is placed on economic blocks rather than individual counties.

The Vice-chair of the Kenya National Chamber of Commerce and Industry Laban Onditi has said local and international investors will be looking to forge partnerships with local businesses.

“This approach has been found to be very effective in addressing business and investment challenges in regional economic bloc,” said Onditi.

Investors from The US, The EU, South Africa, India, Turkey and Australia among other countries are expected at the Summit.

The investment expo will run from the 12th to 16th February 2017 attracting over 3,000 delegates and 250 entrepreneurs with the aim of repositioning Kisumu as the regional hub for investment.

The LBEIS Summit is an initiative of the Kenya National Chamber of Commerce and Industry, The Kenya Vision 2030, Aremant Group, Kenya Investment Authority, Brand Kenya Board and respective County Governments.

Themed “Unlocking the entrepreneurship potential” the summit is planned to include a two-day sports and cultural engagements, an international exhibition and a conference running concurrently for three days.

Subject expert speakers as well corporate from across the globe will share their thoughts, plans and experiences pertaining to harnessing the potential of the lake region economic bloc.

There will also be SME awards for the best performing SMEs out of the summit.

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“The summit will lead to local SMEs in the economic bloc getting linkages with international investors and exhibitors to improve their exports leading to the growth of the local County Chamber Chapters’, said George Kiondo, Ag. Chief Executive Officer of KNCCI.

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