Shenzhen companies explore potential business deals in Kenya

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Trade opportunities for local Kenyans and Chinese companies are on the rise.

A delegation of more than 100 people from the city of Shenzhen are in Nairobi to explore potential business opportunities with their Kenyan counterparts.

Maria Galang tells us more.

The Chinese delegation,led by Lu Pengqi, the Vice Chairman of China Council for the Promotion of International Trade, and Chen Biao, the Deputy Mayor of Shenzhen Municipal Government, is comprised of entrepreneurs from various sectors such as manufacturing, IT and real estate.

“Kenya and China has developed a robust trade and investment tie in recent years. As the first Special Economic Zone and one of the most innovative cities in China, Shenzhen is in a good position to cooperate with Kenya to a win-win goal, which will help both Kenya’s industralization process and Shenzhen’s aspiration for international capacity cooperation,” said Lu.

Kenya Investment Authority (KenInvest) Managing Director Moses Ikiara said the delegation is in Kenya to explore opportunities for investment and trade with Kenya in the main economic growth sectors like agriculture and to build business-to-business relations between the two countries.

“We have given them information about investing in Kenya. We are now going to have three days of detailed interactions between businesses to let the Chinese companies learn more about Kenya. This will enable them to form views about the country,” Ikiara told Xinhua in Nairobi.