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KEPSA CEO MEETS HKTDC REGIONAL DIRECTOR ON COLLABORATION TO ENHANCE TRADE AND INVESTMENTS
- Published On: 2022-11-03
KEPSA CEO Ms Carole Kariuki held a meeting with Hong Kong Trade Development Council (HKTDC) Regional Director, Middle East & Africa Mr Daniel Lam on 3rd November 2022 at KEPSA offices. They were joined by Mr Harrison Ngatia - KEPSA Head of Projects and SME Development and Mr Omarsadik Mohamed Dahiye, a Consultant at HKTDC. The meeting aimed at establishing a partnership between the two institutions to strengthen and promote trade and investments between Kenya and Hong Kong.
During the meeting, Ms Kariuki highlighted KEPSA’s focus on establishing partnerships aimed at creating trade and investment opportunities in the country and international markets through the Business Hub with an aim of increasing Kenyan exports by both small and large enterprises. She further indicated that KEPSA is currently supporting startups and SMEs through different projects/initiatives for growth and scale-up.
On his part, Mr Lam said that HKTDC is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. The council has 50 offices globally including one in Nairobi aimed at promoting Hong Kong as a two-way global investment and business hub. He further added that HKTDC is the largest organizer of exhibitions, conferences and business missions in Asia aimed at creating business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in China and international markets and also provides up-to-date market insights and product information via research reports and digital news channels.
Mr Lam further acknowledged the fact that business activities have gone back to normal in Hong Kong after the Covid-19 pandemic. He said that the service industry continues to be a major contributor to Hong Kong GDP, contributing over 90% with finance and insurance contributing 23% as a result of Hong Kong being an International Financial Hub.
KEPSA and HKTDC agreed on the following as a way forward;
- Collaborate in organizing trade forums starting with Financial Forum in January 2023 and Food Expo in August 2023.
- Share information relating to business, trade and investment opportunities for both countries.