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Kenya has urged the Japanese business delegation in Kenya to take advantage of the conducive environment in the country to increase their investments.
Speaking today while opening the Japanese Business Forum in Nairobi, Investment, Trade and Industry, Cabinet Secretary, Salim Mvurya, noted that Kenya has signed trade agreements with many countries that can serve as a market for their products.
Kenya to open access to “Kenya has signed trade agreements with the African Continental Free Trade Area (AfCFTA), East Africa Community (EAC), EU and the Common Market for Eastern and Southern Africa. (COMESA) which Japanese investors can take advantage off to increase business,” Mvurya said.
He lauded the confidence and strong interest shown by the Japanese companies as a top investment destination choice in Africa. State Minister for Foreign Affairs of Japan, Fujii Hisayuki, said Kenya and Japan share many things.
Hisayuki said he will visit Olkario to see what’s going on in the project. Kenya National Chamber of Commerce and Industry (KNCCI) said they will use the opportunity to increase investment in the country.
He lauded the Japanese investors for taking the initiative saying the move will increase investments in the manufacturing sector and increase the capacity of Kenyan production in manufacturing.
“The move will increase growth in the manufacturing sector as well as increase the sector’s GDP,” he said. He said Kenya looks forward to showcasing Kenya’s abundant investment opportunities during the Osaka Expo 2025 in Japan, which will run from April to June 2025.
He said the forum offers an invaluable opportunity to further strengthen the economic ties between Kenya and Japan.
President William Ruto has been at the forefront of efforts to attract Japanese investment into our Economic Zones and Manufacturing Sectors, which will, in turn, inspire local investment across the country.