Kenya is an important economic and trade cooperation partner of China in Africa, a leading demonstration country of China Africa production capacity cooperation, and China's largest trade partner in East Africa. In 2023, China's total textile exports to Kenya will be 843 million dollars, and the total clothing exports will be 660 million dollars.
On October 28-30, 2024, the Chinese textile and clothing entrepreneur delegation jointly organized by the Textile Industry Branch of the China Council for the Promotion of International Trade and the China Knitting Industry Association set foot on Kenya, the second stop of East Africa research.
The Kenya Investment Agency extended a warm welcome to the delegation's visit. At the meeting, Ms. Hellen Chemuren, Manager of the Investment Department, shared with everyone the economic profile of Kenya. Kenya is the fourth largest economy in sub Saharan Africa, with GDP accounting for 40% of the entire eastern African countries, and per capita GDP of 2099 US dollars. Ms. Hellen highlighted several advantages of investing in Kenya:
1. Kenya has a stable economy and a sound financial system
2. Young people under 35 years old account for 70% of the total population, and their education level is up to 82%
3. Kenya is a dynamic democracy, and the United Nations Africa Headquarters is located in Nairobi
4. It has logistics and innovation center, including 4 international airports, 2 seaports and 2 container inland terminals
5. Property is protected by the Constitution, foreign exchange is not controlled, and there are international dispute settlement and arbitration institutions, so investment safety is guaranteed
6. There are more than 100 export processing zones, 35 special economic zones, and many township and county industrial zones throughout the country.
Post time: 2024-11-14 11:58