Inside Politics

Hong Kong entrepreneurs urged to invest, support Big Four agenda

Thursday, August 8th, 2019 00:00 |
Devolution Cabinet Secretary Eugene Wamalwa (second Left) and KNCCI) President Richard Ngatia (centre) during a business and investment forum in Nairobi. With them are Regional Director for Africa and Middle East Hong Kong Trade Development Council, Daniel Lam (left) and  Nicholas Kwan,  Director of Research of Research at the Council. Photo/COURTESY

Private investors from Hong Kong have been encouraged to visit Kenya and invest through public-private partnerships the government has initiated to spur economic development.

Kenya National Chamber of Commerce and Industry (KNCCI) President Richard Ngatia said the government has identified the Big Four agenda that needs support. 

He said in furtherance of its growth agenda the government has identified four critical areas that will create jobs, improve livelihoods and afford a decent standard of living for the people. 

The Big Four agenda, he added, clearly outlines these goals on affordable housing, universal health coverage (UHC), manufacturing and food security.

“I urge the local and International investors represented here to take advantage of investment opportunities that Kenya presents to promote economic growth, employment creation, poverty eradication and sustainable development,” he said.

Investment forum

Ngatia was speaking in Nairobi during a business and investment forum between the chamber and visiting Hong Kong Trade Development Council (HKTDC) leaders. The companies are looking to invest in a wide range of sectors.

“Kenya has tailor-made services for investors such as Industrial parks targeting the domestic market, Export Processing Zones targeting export market, Special Economic Zones targeting both the domestic and export market,” he said. 

HKTDC is a statutory body established as the international marketing dedicated to creating opportunities for Hong Kong’s businesses and one of the leading global finance centers.

Regional Director for Africa and the Middle East Hong Kong Trade and Development Council Daniel Lam said this year, trade between Kenya and Hong Kong has grown by 16 per cent with exports rating rising by 12 per cent.

More on Inside Politics