Trade Cabinet Secretary Moses Kuria on Wednesday, April 5, hosted a delegation of Chinese investors who sought to invest in the country's Special Economic Zones (SEZ).
In a statement, the CS listed areas including Dongo Kundu, Naivasha, Lamu, Kenani, Numerical Machining Complex (NMC), Green Engineering SEZ and Portland Ujenzi SEZ.
Led by Robert Sun, President of the American Chinese CEO Society (ACCS), the delegation visited the ongoing site for Taifa gas in Dongo Kundu for benchmarking and in preparation to venture into the country.
CS Kuria was accompanied by members of the parliamentary trade committee led by Chairman James Gakuiya and Hassan Abubakar, PS for Investment and promotions.
Owned by Tanzanian billionaire, Rostam Aziz, Taifa Gas is one of the biggest investments in the country consisting of a gas plant and storage facility. The company is set to offer competition and lead to a reduction in prices.
The firm acquired the license on February 21, 2023, to set up the 30,000-tonne liquefied petroleum gas (LPG) handling facility at the Mombasa port.
The licensing deal culminated in a process initiated by former President Uhuru Kenyatta and Tanzania's Head of State, Samia Suluhu in 2021.
In March, CS Kuria was on the spot due to his remarks regarding China Square located at Unicity Mall along Thika Road.
The Trade CS indicated that he sought to support the local manufacturing by trying to prevent the country from becoming the dumping ground for subpar goods.
He added that plans were underway to establish Kenya Square which would support local trade and offer affordable products.
"We have not forced anyone to close their business. But I maintain we should not discourage our traders. I have a duty to speak for the Nyamakima trader.
"The Middle-class wants to buy cheap. I continue supporting local manufacturing. We want to have our own Kenya Square," Kuria stated while appearing before the National Assembly's Trade, Industry and Cooperatives Committee on March 8, 2023.
