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KEPSA is the private sector apex and umbrella body set up in 2003, to bring together business community in a single voice to engage and influence public policy for an enabling business environment. over 500,000 direct and indirect members..
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30 MAY KEPSA CEO HOSTS AHK UAE DELEGATION
- Published On: 2022-05-24
On 24th May 2022, KEPSA CEO Ms. Carole Kariuki, hosted a delegation from the United Arab Emirates led by Ms. Daniela Calligaro, Director of Regional Membership & New Business from the German Emirati Joint Council for Industry & Commerce (AHK). The Delegation represented sectors such as cargo handling, Construction and Supply, manufacturing, Information Technology, and finance among others. The discussions during the meeting focused on accessing current investment opportunities in Kenya and ways these opportunities could be tapped by foreign investors.
Ms. Kariuki highlighted the vast investment opportunities in Kenya in various sectors of the economy which are usually showcased in various trade forums. The opportunities can be accessed through direct investments or diversification of their markets of existing products and services through partnerships and joint ventures. She apprised the delegation of Kenya’s competitive advantage in areas such as strategic geographic location which allows travel to any part of Africa within 5 hours and the Port of Mombasa which has allowed ease in export and import. Further, Kenya is ranked the 3rd highest in Africa in the World Bank Ease of Doing Business report 2020 and the joining of the Democratic Republic of Congo (DRC) to the East Africa Community (EAC) block has increased the attraction of global investments in the country due to the expanded market.
The delegation on its side asked specific questions such as whether KEPSA does matchmaking of foreign and local businesses, whether there is a one-stop-shop for registration of foreign companies, KEPSA membership details among others which were all adequately responded to.
KEPSA and the German Emirati Joint Council for Industry & Commerce (AHK) will explore further collaborations to maximize investment opportunities by organizing more inbound and outbound trade forums which will contribute to the identification of credible opportunities in Kenya.
As the meeting ended, Ms. Kariuki expressed the excitement of KEPSA in encouraging investments by both local and foreign investors, and her willingness to uphold the organization’s mandate of being the voice of the private sector in Kenya.