The Hong Kong Trade Development Council in collaboration with the Hong Kong Chinese Enterprise Association in partnership with the Kenya National Chamber of commerce & Industry is expected to host more than 25 high powered business delegation from Hong Kong and China.
The business delegation from Hong Kong and China are in the country to scout for trade and investments opportunities through joint ventures and partnerships with local companies in the following sectors; banking, finance, manufacturing, real estate development, property development, construction, engineering services, project investment among others.
Speaking in Nairobi, the Middle East & Africa, Hong Kong Trade Development Council Regional Director Daniel Lam said “Kenya and Hong Kong share a lot in common. They are both important hubs for trade and commerce, and solid business ties already exist between the two places.” Among the delegation is China Wu Yi Company which has already established base in Kenya and is already undertaking large number of public infrastructures like roads, bridges among other large construction jobs in the Kenya.
In the first five months of 2019, exports from Hong Kong to Kenya grew by 120 per cent to US$103 million, while bilateral trade rose by 68 per cent.
Mr Daniel reiterated Kenya is playing its part in the delivery of the Belt and Road through key projects such as ongoing modernisation of the Port of Mombasa, which will strengthen the country’s gateway role, and the construction of the Standard Gauge Railway.
“The Hong Kong Trade Development Council recognises the importance of Kenya as a gateway to the rapidly developing East Africa region, with the country playing role as a major logistics hub in this part of the world. Similarly, in Asia, Hong Kong is one of the prime logistics hubs and an important gateway to regional markets, especially Mainland China and countries in the ASEAN bloc.”
Among the key companies that will be present include; Bank of China (Hong Kong) Limited,
Express Luck Industrial Limited, Guangdong Holdings Limited (GDH Limited), Huafa Industrial (HK) Limited, ICBC International Holdings Limited, Sky Lead Enterprise Limited among others.