NAIROBI (Xinhua) --
Kenya on Tuesday pledged to assist Chinese investors from
China’s Zhejiang Province to set up base in the country.
principal secretary of Kenya’s Ministry of Industry, Trade and
Cooperatives said at a trade forum here that Kenya has
identified Chinese investors as key partners in the country’s
journey to achieve economic development.
government commits to support investors from China’s Zhejiang
Province to establish their investments in Kenya,” Maina said
during the China’s Zhejiang-Kenya trade and investment symposium
that brought together the private sectors of Zhejiang Province
A delegation of over
50 Chinese firms from Zhejiang Province are in Kenya to scout
for investment and trade deals in the area of food processing,
textiles and clothing, leather sector, construction, automobile,
electrical and shipping industry.
Maina said that the
China-Kenya relationship spans 55 years and the Zhejiang-Kenya
trade forum is important as it brings together the private
sector of the two countries in an arrangement of signing a
Memorandum of Understanding.
She said that
Chinese investors could play an instrumental role in
implementing President Uhuru Kenyatta’s Big Four Agenda of food
security, affordable housing, universal healthcare and
manufacturing and hence provide a win-win arrangement within the
Belt and Road Initiative.
Maina said that the
business forum is intended to begin a new and long relationship
and partnership between China’s Zhejiang Province and Kenya.
She observed that
Kenya has one of the best investment destinations given its
expansive market access.
She noted that Kenya
has preferential market access at the East Africa Community (EAC),
Common Market for East and Southern Africa (COMESA), the United
States as well as the European Union which Chinese investors can
sell to after setting up factories in Kenya.
She added that the
Kenyan government considers the private sector as the engine of
economic growth with the role of government to facilitate the
growth of the private sector.
counselor at the Chinese Embassy in Kenya said that Beijing and
Nairobi have enjoyed excellent relations which has laid a strong
foundation for growing cooperation in bilateral trade and
chairperson of Kenya Investment Authority said that Kenya
considers the China-Kenya relations as very important and it is
for this reason that this year alone Kenyatta traveled to China
twice during the 2018 Beijing Summit of the Forum on
China-Africa Cooperation (FOCAC) and the China International
Import Expo (CIIE) in Shanghai.
Kirima said that in
both occasions Kenya’s president held talks with the president
of China in further strengthening the cooperation.
She added that
currently, China is Kenya’s largest trading partner and the
largest official development assistance (ODA) donor.
According to Kirima,
China is also the largest contractor having contributed
significantly to the current improved infrastructure that has
gone a long way in enhancing the competitiveness of the private
Kirima urged Chinese
investors to transfer their knowledge and technology to Kenyan
firms so that Kenya can improve the competitiveness of its