Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
According to Chinese state news agency Xinhua, China's non-financial direct investment in Kenya has witnessed double-fold increase to about $520 million/Courtesy

Enterprise

Preparations for 5th Edition of China Trade Week in high gear

According to Xinhua, China’s non-financial direct investment in Kenya has witnessed double-fold increase to about $520 million/Courtesy

NAIROBI, Kenya, May 15 – The economic relations between Kenya and China has been hailed due to the huge partnerships between the two countries especially in the Belt and Road Initiative.

According to the Middle East International Exhibition Director Zahoor Ahmed, China’s non-financial direct investment in Kenya has increased to about Sh52.5 billion.

“According to Chinese state news agency Xinhua, China’s non-financial direct investment in Kenya has witnessed double-fold increase to about $520 million,” he stated.

Ahmed further stated that last year, about 170 Kenyan students were awarded China-sponsored scholarships for further study in China.

The Kenya National Chamber of Commerce and Industry Chief Executive Officer Nemasia Kiereni emphasized the need for enhancing trade relations between the two countries.

“China continues to enjoy economic relations with Kenya for many years this is demonstrated in Bi-lateral trade between the two countries and increase presence of Chinese projects in a wide range of Kenyan industries,” he said.

“China has Kenya as the largest training partner by value and volume of goods and services. Last month Kenya became the first African country to get approval to export has avocados to Chinese market.”

He was speaking ahead of the 5th Edition of the China Trade Week Kenya conference set to take place at the Kenyatta International Convention Centre (KICC) on June 5-7 and 10-12 of the same month.

It will further seek to upgrade the format and add value for professional visitors.

Advertisement. Scroll to continue reading.
Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...