The Embassy of Finland in partnership with Kenya Private Sector Alliance (KEPSA) jointly hosted the Finnish Business Forum on Thursday 1st November 2018 at the Norfolk Hotel. The forum was graced by the Finnish Minister of Economic Affairs, Mr. Mika Lintila, who led the Finnish Business Delegation visit to Kenya.
The objective of the visit was to promote bilateral trade and investments, find new partners and boost the existing relations with the Kenyan Government and Kenyan Business Organisations and Companies.
Mr. Lintila stated that Finland and Kenya have longstanding bilateral relations starting from a developing cooperative partnership which formed a solid basis in sustainable business for mutual benefit. He in addition stated that Kenya is the most advanced economy in the Eastern African region and attracts to Finnish business in many ways.
KEPSA Vice Chair, Rita Kavashe, noted that she hoped at the end of the sessions possible avenues for cooperation between the two countries will be highlighted and the participants would come up with beneficial, cutting-edge resolutions, which would positively impact local firms in Kenya. She also extended an invitation to all the visiting delegates and companies from Finland to feel free in their interaction and explore opportunities for partnership with Kenyan companies in growing business.
The World Economic Forum has ranked Finland as the most innovative country in Europe several times in the last years. Finnish culture of innovation has grown from an agricultural background to a high standard of living, and development based on considerable investments into Research, Development and Innovations. Finland is giving a strong emphasis to development of innovations and business in their Governments Agenda. Mr. Lintila said Clean and renewable energy technologies and the healthcare sector are important drivers of economic growth for Finland and that by combining strengths, Finland and Kenya can achieve synergy gains.
As a small country, Finland is highly dependent on Foreign Trade and Global Networks which is another shared character between Finland and Kenya. The value chains in both countries are increasingly Global and businesses look for the best expertise in the world. Mr. Lintila maintained that he was confident the visit brought new partners which created multiple opportunities for business and investments between Finnish and Kenyan companies and organizations.
The business delegation consisted of leading Finnish companies representing the widely successful expertise in circular economy, waste-to-energy and a team from the Healthcare and Wellbeing sector namely Fiare, Finnfund, Fortum, Haaga-Helia University of Applied Sciences, Logonet Oy, Molok Oy, Oulu University of Applied Sciences, PerkinElmer, Soprano PLC, Tampere University of Applied Sciences, Valmet, Vamed and Wartsila.