NAIROBI: The Chinese port city’s officials said that investors from Hong Kong are seeking trade and investment opportunities in Kenya.

Daniel Lam, a regional director of the Hong Kong Trade Development Council, told a trade forum in Nairobi that there are various markets with efficient growth in Kenya, especially with the boost given by the Belt and Road Initiative (BRI).

As per Lam, representatives of ten Hong Kong enterprises were in Kenya to lookout for trade and investment opportunities through joint ventures with local companies in banking, finance, manufacturing, real estate development, property development, construction, engineering services and project investment.

Lam further added that Hong Kong plays a key role in the BRI. It serves as a center for financing, investment, logistics, trading, infrastructure and a whole range of professional services. Hong Kong is also one of the major logistics hubs and is a doorway to regional markets, especially the Chinese mainland and those in the Association of Southeast Asian Nations bloc.

Kenya has already built close business ties with Hong Kong and plays a similar role in the rapidly developing East Africa region.

According to the data released by the Kenyan government, exports from Hong Kong to Kenya grew by 120 per cent 103 million dollars, while bilateral trade rose by 68 per cent.

Richard Ngatia, president of the Kenya National Chamber of Commerce and Industry said that the local business community wants to partner with Hong Kong to help Kenya achieve its big four agenda on universal healthcare, affordable housing, manufacturing and food security.

Source: Xinhua News Agency