NAIROBI (Xinhua) --
Chinese firms on Friday pledged to invest in
Kenya in order to boost the east African country’s exports.
Lyu Xinhua, chairman
of Council for Promoting South-South Cooperation told
journalists in Nairobi that Chinese firms are keen to form
partnership with Kenyan firms to manufacture products that can
compete in the global markets.
“Chinese firms are
willing to help Kenya to reduce its international trade
imbalance by boosting its export,” Lyu said during the
Kenya-China Trade and Investment Forum.
During the event, a
group of over 30 Chinese firms had an opportunity to network
with their Kenyan peers.
The Chinese trade
delegation is on a ten-day mission to visit Kenya, Uganda and
Tanzania in a bid to discover investment and cooperation
opportunities in Africa.
principal secretary of the Ministry of Industry, Trade and
Cooperatives, said that Kenya and China have emerged as solid
trading partners in the past decades.
He revealed that in
order to meet the resources requirements, the government is
seeking additional capacity to generate resources by leveraging
exports for foreign exchange generation as well as foreign
direct investments to boost production.
The Kenyan official
said that the government is therefore committed to create an
enabling trade and investment relationship that will enable
realization of key national objectives in order to raise the
levels of economic growth.
According to Kiptoo,
the ministry of industry recently launched the Integrated
National Export Development and Promotion Strategy that seeks to
expand Kenya’s exports globally at a rate of 15 percent
He said that the
export strategy targets growth-oriented sectors such as
livestock, manufacturing, fisheries, agriculture and
He noted that it is
the intention of the government to develop these growth-oriented
sectors and is therefore keen on attracting new investments in
the related value chains and also create linkages to the global
Kiptoo said that
Kenya welcomes Chinese firms to invest in the country and there
are currently more than 400 Chinese firms in Kenya serving in
various sectors of the economy such as real estate, finance and
“These companies can
further join into ventures with our local industries in order to
maximize production within Kenya for export, a move that will
both increase Kenya’s exports to China and also increase foreign
exchange,” said Kiptoo.
chairperson of Kenya Investment Authority (KenInvest) said that
Kenya and China have enjoyed excellent diplomatic and economic
relationship since Kenya’s independence.
According to Muchoki,
Kenya’s trade with China is an opportunity to transform both
economies. She said that after the inaugural China International
Import Expo held earlier this month, China has opened her doors
to Kenyan products.
Muchoki said that
Kenya has an opportunity to increase its exports now that Kenya
and China have signed a working group framework on trade
development and a sanitary and phytosanitary agreement to allow
Kenyan goods to access the Chinese market.
Li Xuhang, charge
d’affaires of Chinese Embassy in Kenya said that as Nairobi is a
good partner, Beijing will continue its efforts to further
strengthen the Sino-Kenyan partnership, ensuring that the
bilateral cooperation will usher in a new era of vigorous
development and continue to be an example for China-Africa
Li said that China
will step up efforts of policy coordination with Kenya, speed up
the alignment of the Belt and Road Initiative with the Kenya’s
national development blue print Vision 2030 and President Uhuru
Kenyatta’s development blueprint dubbed the Big Four Agenda, in
order to benefit Kenyan business people.
The diplomat added
that in order to further advance the economic and trade
cooperation between China and Kenya, the Kenyan government and
business community should introduce more incentives and policies
and take concrete measures to create a safer, more convenient
environment so as to attract more Chinese investment.
Kenyan, Chinese firms cash
in on growing business prospects
NAIROBI (Xinhua) --
Kenyan and Chinese companies have stepped up
efforts to reap from growing bilateral ties between the two
nations that are increasingly continuing to host each other’s
colleges, realtors, tour firms, agricultural and farm machinery
companies, among others, are all in the race to cash in on
“Good news to our
clients, it is with great pleasure to let you know that our
company is offering a discount of 100,000 shillings (980 U.S.
dollars) on any order placed,” said Chinese Huangpai Grain
Processing Equipment Assemblers in a newspaper advert on Friday.
Such adverts have
now become common in Kenyan dailies as dozens of Chinese
companies make inroads in the east African nation.
companies have aggressively moved to tap into the Chinese
market, targeting both citizens in China and those in Kenya.
Topping the list of
firms seeking to reap from the Chinese-Kenya bilateral relations
are commercial banks.
institutions are continuing to launch products that target both
the Chinese and Kenyans.
include business trips to China for small and medium-sized
companies, yuan accounts, interbank cash transfer services
between the banks in China and themselves and forex exchange
The products make it
possible for the Chinese and Kenyans to easily carry out
Equity Bank, Kenya
Commercial Bank, Stanbic Bank, National Bank and Standard
Chartered Bank are some of the financial institutions that have
yuan centres that facilitate business for Chinese firms
operating in Kenya and Kenyan firms trading in the Asian nation.
Last month, the
Cooperative Bank, organized a first trip for its business
customers to China’s southern city Guanghou. Beijing is another
popular destination for Kenyan businesses.
The rise in uptake
of the services is spurring the launch of others, the latest
being mobile money transfer services between the two countries.
The product involves
Kenya’s leading money transfer service Mpesa and WeChat, China’s
premier social media and payment app. Family Bank in Kenya
together with global fintech firm SimbaPay are offering the
subscribers will use a given pay bill number that belongs to the
bank to send money that would be delivered in the WeChat wallet
in China. On the other hand, money send from China would be
delivered to the bank.
Family Bank’s chief operations officer, said the service is a
milestone for Kenyans who have their kin or do business in
“This service would
boost SMEs as it is a solution that offers instant, reliable,
traceable and affordable channel to send money to suppliers in
China,” he said, adding that Kenyans in China would also be able
to send money using the same platform back home.
Moses Etyang, who
stayed in China for close to two years studying, noted that the
mobile money service would ease the sending and receiving money
between Kenya and China, especially for students.
“When I was in China
two years ago, I relied on banks to receive cash from my parents
and the process was tedious because of the bureaucracies
involved. That now one can receive money in their phones as it
happens in Kenya is amazing,” he said on Saturday.
Association chief executive noted that Kenyan banks are scanning
for opportunities as ties between Kenya and China grow.
opportunity to trade with the yuan that is increasingly becoming
relevant in the country. There is a lot of trade now and the
Chinese currency is becoming the medium of transacting between
various entities,” he said recently.
Henry Wandera, an
economics lecturer in Nairobi, noted that with trade relations
between China and Kenya growing, businesses in the two countries
have no choice but to work hard to reap from the ties.
The Kenya National
Bureau of Statistics data show that the value of imports from
China last year stood at 3.8 billion dollars, up from 3.2
billion dollars in 2016.
Chinese firm helps young
learners in rural Kenya through scholarships
NAIROBI (Xinhua) --
Shirleen Leyian grew up in Kenya’s semi-arid
Kajiado County where nomadic lifestyle that has been practiced
by her community for centuries placed enormous hurdles on
children and youth yearning for education.
information technology (IT) student at a private university in
the Kenyan capital, Nairobi, was among 35 young learners from
the nomadic Maasai community who were on November 30 awarded
scholarships by Chinese tiles manufacturing firm, Twyford
Ceramics Ltd, to enable them to complete their studies.
Leyian was in
buoyant mood as she joined her peers at the podium to receive
cheques from Twyford ceramics Ltd executives to cater for
tuition fees and other incidentals during the forthcoming
“We are grateful to
Twyford Ceramics Ltd for helping us realize our dreams. The
company has catered for a huge portion of tuition fees for two
consecutive years since I joined the university. It feels good,”
entrenched negative stereotypes to pursue post-secondary
education at a private university and is determined to sharpen
her skills in information technology as a means to secure
gainful employment in the near future.
“I look forward to
become an accomplished IT professional and promise to give back
to the community I come from by mentoring young girls. These
girls will be happy to have a role model who has broken the
glass ceiling in a profession that has traditionally been
reserved for the male gender,” said Leyian.
Ltd, through its local subsidiary KEDA (Kenya) Ceramics Co Ltd,
in 2017 launched the Maisha Bora (Healthy Life) scholarship to
help cater for tuition fees for under-privileged young learners
from villages adjacent to the company’s manufacturing plant,
which is located about 60 kilometers south east of the Kenyan
community liaison at KEDA Ceramics Ltd, said that the
scholarship program has transformed the lives of young learners
from a community that place little premium on education due to
outdated beliefs, poverty and ignorance.
“Our target has been
children from poor families whose dream for quality education
has often been shattered due to abject poverty and sometimes
harmful cultural practices like early marriages,” said Mpuki.
assistance has inspired these children to study with zeal in the
hope that they will become successful individuals later in
life,” he added.
In the last two
years, KEDA ceramics Ltd has awarded 100 U.S dollars to each
scholarship beneficiary enrolled in high school while the ones
in mid-level colleges and universities have been receiving 200
U.S dollars and 300 U.S dollars respectively.
Stanley Sipoi, an 18
years old high school graduate who aspires to pursue law in the
university, said the financial support from the largest tiles
manufacturing company in east and central Africa has been a game
struggled hard to educate me and my siblings until Twyford
ceramics Ltd came on board to ease that burden. I will be
forever grateful for the company for supporting my high school
education for two years and I promise to deliver positive
results,” Sipoi told Xinhua.
He vowed to utilize
his success in school to mentor young boys in his native village
who are often denied education by parents stuck up in a time
KEDA Ceramics Ltd,
like other Chinese enterprises based in Kenya, has been at the
forefront of transforming livelihoods of communities at its
backyard through provision of clean water, tarmacking of roads
and award of scholarships to bright but needy young learners.
Li Ruiqin, managing
director of KEDA Ceramics Co Ltd, said that the aim of the two
years old scholarship program is to help financially constrained
children and youth from Kajiado County realize their dreams
through formal education.
Elected leaders from
Kajiado County who attended the award ceremony for scholarships
to help cater for tuition fees for students from poor families
hailed the gesture saying it will help alleviate high illiteracy
levels in the community.
“We are ready to
partner with both local and foreign investors to ensure no child
is denied education because of poverty,” said Francis Kaesha,
minority leader in the county government of Kajiado.
Silantoi Teto, a 16
years old form three student in a local high school whose
parents are herders, said the financial support from KEDA
Ceramics Ltd has motivated her to put more effort in her school
work and hopefully join university where she aspires to pursue
philanthropic organization cater for a significant portion of my
school fees in the last two years has been refreshing and I’m
determined to pass my final exams and join the university to
study civil engineering,” said Silantoi.
The bubbly youngster
said her ultimate goal is to utilize skills learnt in school to
mentor girls from remote outposts who often lack a role model in
the world of academia, careers and business whom they can