Over 80 enterprises from China will this November converge at the Kenyatta International Convention Centre from 14th to 17th to participate in China-Kenya Industrial Capacity Cooperation Exposition (China-Kenya Expo).
This is part of Kenyan government’s ambitious Big Four Development Agenda.
Launched in December last year, the annual event is organized by China International Exhibition Centre Group Corporation (CIEC Group). It will be sponsored by the China Council for the Promotion of International Trade (CCPIT), and China Africa Development Fund (CADFund) in collaboration with the Kenya’s Ministry of Industry, Trade and Cooperatives, Kenya Investment Authority (KenInvest), the Kenya National Chamber of Commerce (KNCCI) and the Kenya Private Sector Association (KEPSA).
The expo is set to provide a unique platform for both governmental and private sectors from the two countries to cooperate on infrastructure, energy, machinery and equipment, agricultural processing machinery, information and commutation technology (ICT), as well as transportation and logistics .
Industrialization is a common demand for African countries to accelerate economic development and transformation. The African Union’s 2063 agenda clearly states the development goals and direction of African manufacturing industry.
Developing Manufacture is also one of the Big Four Action Plans of Kenya. Last year, the expo attracted 3,500 visitors from Kenya, Ethiopia, Mozambique and other 6 African countries who were looking for various business opportunities.
Several MOUs were sealed during the expo covering various sectors related to industrialization and infrastructure development. Motivated by the exciting feedback and responding to requests by all sides, the organizer has enlarged the exhibiting field by 40 percent.
Agriculture, infrastructure development, and industrial capacity will feature prominently among the upcoming expo exhibits. Among the 81 enterprises, 12 China Top 500 Corporations such as China Telecom, China Unicom, China National Nuclear Corp., China Aerospace Technology Group, Sino Steel, will participate.
The successfully held 2018 Beijing Forum on China-Africa Cooperation (FOCAC) summit early September, opened an ambitious chapter in China-Africa cooperation for the new era.
Inspired by the eight major initiatives in collaboration with Africa, intensified cooperation between the two parties will experience a rapid growth.
The expo will be the first large-scale event to be held in Africa after the Beijing FOCAC Summit and will be one of the platforms for China to build a new mechanism for economic and trade cooperation with Africa as well as implement the Forum’s economic and trade initiatives.
According to a report by McKinsey on China–Africa, there are more than 10,000 Chinese enterprises operating in Africa, creating millions of job opportunities. The research also stated that Africa could benefit from the Chinese investments in terms of job creation, vocational training, technology transfer, infrastructure development and financing.
The expo will also include China-Kenya industrial capacity cooperation forum and business matchmaking on agriculture and agro-processing, information and communication technology, transportation, automobile and machinery.
Kenya is a pivotal country along the “Belt and Road” cooperation and one of the countries that have been given a priority for pilot implementation of industrial capacity cooperation. The initiative is expected to open doors for over 40 percent of Kenya’s fresh produce including avocado, mangoes and cashew nuts into the expansive Chinese market.