The Hunan sub-council of the China Council for the Promotion of International Trade (CCPIT) recently signed a cooperation framework agreement with the Kenya National Chamber of Commerce and Industry (KNCCI) to promote trade and investment.

The signing happened on the sidelines of the China-Africa Economic and Trade Expo in Africa (Kenya) 2024 in Nairobi.

The partnership will spur the flow of capital, manufactured goods and technology, sub-council vice president Wu Shuguang was cited as saying by Chinese-state-controlled news outlet.

Both sides will benefit from sharing best practices in growing the digital economy and adopting emerging technologies, Wu said.

KNCCI president Eric Rutto said Kenya anticipates a rise in the volume of goods exported to China following the agreement.

Kenya is keen to trade with China in diverse areas like precision agriculture, establish domestic assembly plants and engage in value addition of farm produce and leather processing, he said.

Economic ties with China should revitalise Kenya’s manufacturing sector, healthcare, e-commerce, mining, education, finance and infrastructure development, Rutto aded.

"We pledge to ensure that the agreements forged today translate into tangible opportunities for our business communities," Rutto said.

The expo, which concluded on May 11, attracted enterprises from manufacturing, textiles and clothing, infrastructure, farm machinery, energy and information and communication technology sectors.

Fibre2Fashion News Desk (DS)

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