What do you believe is the single most important factor driving up the cost of living in Nigeria?

President William Ruto and his Chinese counterpart Xi Jinping during the high-level meeting on the Belt and Road Initiative that he co-chaired at the Forum on China-Africa Cooperation Summit in Beijing. [PCS]

Chinese investors are gearing up to establish manufacturing industries worth billions of shillings in Kenya and other African countries.

Through the African Chapter of the American Chinese CEOs Society (ACCS) launched in Nairobi on Friday, the investors said they will engage Kenyan companies’ executives and decision-makers as an entry point to establishing more manufacturing companies in the country.

ACCS President Robert Sun said the interest to invest in the country is informed by Kenya’s over-reliance on the agriculture sector, whereas there is a huge potential for industrialisation in the country.

“Our mission is to work together with the government and local companies to bring Chinese manufacturers to Kenya for industrialisation. We find that Kenya is still an agricultural country, and it imports a lot of agricultural products. “Our target is to have Chinese industrialists who have trade connections with the United States of America because they can benefit from Kenya’s treaty with America through the African Growth and Opportunity Act (Agoa),” he said.

• Read More