Nairobi, KENYA: Kenya will play host to China Trade Week for the second year in a row at the Kenyatta International Convention Centre, Nairobi.
Speaking in Nairobi on Wednesday, Managing Director MIE Events David Wang, whose company is responsible for organizing the fair said that this will strengthen ties between the two countries.
‘”This will also strengthen the diplomatic ties between Kenya and China which have lasted over 50 years. Suppliers from China will link with Kenyan businessmen in a bid to improve trade relations,’” said Wang.
He added that Kenya was their destination for business networking as the country is the gateway to East Africa.
“Further, Kenya is the one of biggest trading partners with China in Africa and it is the gateway to East Africa” he continued.
The Trade Week that will take place from 29th June -1st July has attracted over 400 Chinese Companies across diverse sectors of the economy.
Michelle Meyrick, International Events Director, MIE Events said this sectors include business ,construction, lighting, machinery, furniture and home electronics and there are hopes to double up visitors this year.
“China Trade Week welcomed over 16,500 trade visitors in 2015 and we hope to double the visitors this year,” said Meyrick.
In the last decade China has become Kenya’s largest source of Foreign Direct Investment.
In 2013 China’s cumulative direct investment in Kenya reached $474 million. During that year bilateral trade volume between the two nations reached $8.4 billion.