NAIROBI, Jan. 22 (Xinhua) -- A group of Chinese investors is visiting Kenya to explore investment opportunities in the country's infrastructure and agricultural sectors, officials said on Thursday.
Martin Hang, founder and chairman of Fortune Generation, a Chinese business lobby group, said Chinese investors play a significant role in upgrading the East African nation's infrastructure as well as its food security sector.
"For Chinese investors, Kenya offers a conducive policy framework, making it an attractive destination for foreign investment," he said.
Hang is leading a trade delegation comprising 16 Chinese companies to seek investment and trade opportunities in Kenya.
He added that Chinese investors have the technology and financing capacity to build modern roads, ports, and energy-producing plants.
Moses Kipkebut, acting general manager for investment and corporate communications at the state-owned Export Processing Zones Authority, said Kenya is seeking to benefit from Chinese experience in the value addition of agricultural commodities.
Kipkebut noted that Kenya has put in place tax incentives at export processing zones to enable foreign investors to help transform the country into a regional agro-processing hub.
Michael Ngugi, trade development officer at the Lamu Port-South Sudan-Ethiopia Corridor Development Authority, said that Kenya is keen to leverage Chinese investment to develop road and railway links that will help reduce logistics costs in the East African region.
A single purchase
