Nairobi County in advanced talks with UAE investors

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Governor Mike Sonko has confirmed that talks with gulf investors on construction of the Dandora dumpsite energy plant are at an advanced stage

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Investors from the United Arab Emirates (UAE) are in negotiations with Nairobi County Government to set up a green energy project that will utilize garbage from the Dandora dump site.

The Sharjah Chambers of Commerce Chairman Abadulla Sultan says such investments will help lower the cost of production and boost Kenya’s manufacturing sector.

Imports from the United Arab Emirates are the second largest for Kenya after China.

Kenya exports mainly tea to the UAE and imports petroleum products, electronics and clothes sold to Kenya from the gulf.

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However, the trade imbalance is largely in favor of UAE, something that Kenyan traders blame on stringent visa restrictions that have restricted Kenyan goods into the United Arab Emirates.

Nairobi Governor Mike Sonko has confirmed that talks with gulf investors on construction of the Dandora dumpsite energy plant are at an advanced stage.

To further strengthen  bilateral ties, UAE will start exporting cheap fish and chicken animal feeds to Kenya in an arrangement that will lower the cost for local farmers who have been eyeing markets in Saudi Arabia and the United Arab Emirates.

Those from the gulf were encouraged to explore investment opportunities in housing, health, agriculture and manufacturing.

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By Kenyan Digest

The Kenyan Digest Team