Preparations for 5th Edition of China Trade Week in high gearMay 21, 2019
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.