A group of some of the wealthiest Chinese investors visited President Uhuru Kenyatta at state House Nairobi, yesterday.
A statement from State House indicated that the Chinese guests were officials of the Industrial and Commercial Bank of China (ICBC), and members of the China Entrepreneurs Forum of Yabuli, which brings together the wealthiest of the Chinese business community.
With an asset base of more than 3.3 trillion US Dollars, ICBC stands out as the world’s largest bank.
The Chinese investors who were scouting for deals, promised to pour money into the Kenyan economy and widen its focus, to include financial investments in manufacturing, real estate, IT and retail.
The President urged the Chinese investors to look for Kenyan companies and individuals to partner with, as they seek to invest in Kenya’s growing economy.
Chinese companies have largely benefited from the multi-billion Jubillee government infrastructural projects, key among them the Sh327 billion standard gauge railway.
According to President Kenyatta, it is time for the economic partnership between Kenya and China to move from the government to government level to that of companies.
Kenya’s growing economic potential has seen new foreign firms and countries come calling for investment agreements.
The Chinese visit comes amid high anticipation for a historic visit to Kenya by US President Barack Obama.
President Obama will be in the country from Friday to Sunday this week, to co-host the Global Entrepreneurship Summit and to hold bi-lateral talks with the Kenyan government.
See also: Why the Global Entrepreneurship Summit is a Big Deal to Kenya
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