China to reinforce Kenya in industrial sector

China is ready to assist Kenya to develop a robust industrial sector in order to enhance the growing Sino-Kenya cooperation, a Chinese official said on Monday on a financial forum.

Chinese Ambassador to Kenya Liu Xianfa said on the China-Africa Entrepreneurs Forum in Nairobi that Beijing has over the past three decades developed enormous industrial capacity that transformed the nation.

The Cabinet secretary for Treasury Henry Rotich who was in attendance said that Kenya has positioned herself for economic transformation.

China has emerged as one of Kenya’s leading trading partners over the past two decades.Industrial and Commercial Bank of China Chairman Jiang Jianqing said Africa presents a huge opportunity for the Chinese bank.Early this year, ICBC completed its acquisition of a 20 percent stake in Africa’s largest bank, Standard Bank Group.

Kenya is currently implementing an ambitious national economic blue print Vision 2030 that aims to transform the country into a middle income country by the year 2030.

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