Indians are being encouraged to tap investment opportunities in textile and pharmaceuticals, under Kenya government are manufacturing agenda.
Indian High Commissioner to Kenya Rahul Chabra says there is need for Indian investors to create partnerships with their Kenyan counterparts to deepen bilateral ties.
Trade between Kenya and India stands at over 200 billion shillings with Kenya exporting soda ash, vegetables and tea and importing pharmaceuticals, steel, machinery and automobiles from the Asian country.
To bridge the deficit, Kenyan investors have been urged to take advantage of direct flights to Mumbai and create partnerships with Indian traders to easily access the Indian market.
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Indian investors are being encouraged to explore investment opportunities in the pharmaceutical and textile sectors under the government’s manufacturing agenda.
With direct flights between India and Kenya, tourism is another investment opportunity that Indians were encouraged to consider.
Kenya has signed an agreement with a fast food chain and two coffee and tea companies that are expected to set up in the country once modalities are finalized.
ElsewhereIndians, extremely hot temperatures and a prolonged dry spell in Uganda are hitting farmers hard in several parts of the country, with meteorologists warning that the country’s drought could continue until the end of March.
Livestock keepers say more boreholes are needed in the country.
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