Foreign Affairs News Update

China, Kenya strengthen trade ties through new partnership

The Kenya Chinese Chamber of Commerce (KCCC) and Kenya Investment Authority (KIA) have entered into a new business partnership set to promote trading between the two nations.

The Chairman of the Kenya-Chinese Chamber of Commerce, Mr Zhuo Wu, speaking during establishment of the partnership, noted that it will allow Kenyan/Chinese officials to extend their objectives in facilitating trade and investment in the two countries for mutual benefits.

The partnership will help find out solutions to challenges that hinder trading between the two countries. It will also help in drawing a joint grand blueprint for economic future development.

Over 100 Chinese and Kenyan companies as well as the key government representatives from the countries attended the forum which was held at a Nairobi hotel. Speaking during the forum, the economic and Commercial counselor of the Chinese Embassy in Kenya, Mr Guo Ce, expressed confidence of increased trading and other related economic collaboration between the two countries.

“This being the First Forum on Kenya-China Cooperation, we are confident to come up with roadmaps that will guide our future ways of doing business to increased collaborations between Kenya and China companies through harmonized trading practices,” said Mr Guo.

Tourism and Wildlife Principal Secretary Dr Margaret Mwakima noted that there has been an increase in the number of tourists in recent past years from China, driven by the Chinese business engagements locally.

 She assured the government support to the partnership, saying this will improve the two country’s economy as well as boost the tourism sector.

Managing Director of Kenya Investment Authority Dr Moses Ikiara observed that through numerous economic  partnerships that have gradually improved in recent years, the country will realise the government Big Four agenda.

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