Kenya likely to organize biz forum in China in April

Kenya is planning to organize a business forum in China this month. The purpose of organizing the conference is to encourage the investors into the east African nation, officials said on Thursday, April 4.

The Chief Executive Officer (CEO) of the Kenya Investment Authority (KenInvest), Moses Ikiara told Xinhua in Nairobi that the Sino-Kenya business forum will be held on the sidelines of the second Belt and Road Initiative Forum.

"The day-long event will bring together Kenya's government and private sector to meet potential investors from China," Ikiara said. Ikiara said that Kenya will use the conference to showcase the numerous investment opportunities in Kenya. He added that Kenya has a lot of bankable projects in the manufacturing, energy, health and agricultural sectors.

According to KenInvest, the Chinese are now among the top five investors into the country and are concentrated in the construction and manufacturing sectors. "We are especially keen to have the Chinese boost our manufacturing sector through use of modern technology," Ikiara added, as reported by Xinhua.

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