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Trade investment summit aims to increase trade and economic development between Kenya, SA

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The summit would hear about the Kenya government's priorities in the next five years, which present an excellent attraction for foreign direct investment.

Cabinet secretary , Ministry of Foreign Affairs Rupublic of Kenya Ambassador Dr Monica Juma speaking at the 3rd Kenya Trade investment summit held in Bryanston, north of Johannesburg, 4 April 2019. Picture: Simphiwe Mbokazi / African News Agency .

“We hope to have contributed meaningfully to the greater economy by increasing employment, transfer of technology, and exports thereby leading to expansion of the external trade and foreign exchange earnings,” Kenya High Commissioner Jean Njeri Kamau said speaking at the Kenya Trade Investment Summit held in Bryanston North of Johannesburg on Thursday.

“This summit will provide an opportunity to build on the last two summits. More South African companies have the Kenya market and penetrated Kenya and expanded their businesses. We supported more outbound missions to South Africa in the areas of manufacturing and services,” said Kamau. Increasing the manufacturing share of the GDP from 9.2 percent to 15 percent and agro-processing to at least 50 percent of the total agricultural output; and providing affordable housing by building 500,000 affordable houses in five years across the country were some of the priorities by Kenya.

 

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