Kenya: Hundreds of Companies Take Part in Nairobi Business Conference

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More than 700 delegates and 300 companies participated in the third edition of the American Chamber of Commerce summit in the Kenyan capital, Nairobi, organizers said. U.S. government and private sector delegations met with counterparts from Rwanda, Tanzania, Uganda, Ethiopia and Kenya.

Kenya President William Ruto said Thursday that Kenya was open for business, highlighting a deal his government had struck with U.S. biotech company Moderna.

"It is with pleasure that I announced the finalized deal between Moderna and the government of Kenya to build a $500 million dollar MRNA vaccine facility in Nairobi," he said. The two-day AmCham business summit, which ended Thursday, gave business leaders a chance to exchange market intelligence and explore areas of opportunity, especially for commercial engagement, said Maxwell Okello, CEO of AmCham Kenya.AmCham"does two things: ... One: it's a perfect demonstration of some of the commitments we had from the U.S. ... Two: we are very keen in seeing how we can actually advance commercial engagement," Okello said.

Scott Eisner, president of the U.S. Chamber's Africa Business Center, brought a group of over 30 executives. He told VOA they hoped to forge concrete private sector opportunities and joint ventures. "We have plenty of tech companies with us, but we also have pharmaceuticals, medical devices, technology, satellite companies that are doing mapping of the world, infrastructure developers around Caterpillar, the GEs of the world," he said."So we really have arranged for a very strong delegation representing the complexities of the American business community.

 

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