China is positive force in Kenya's economy: Kenyan business leader
Time:2024-05-21 12:59:13 Source:businessViews(143)
NAIROBI, April 8 (Xinhua) -- China is a positive force in the economy of Kenya, said the chief of the Micro, Small and Medium Enterprise (MSME) Alliance of Kenya, the umbrella body of small entrepreneurs, at a business forum here Monday.
Ben Mutahi, the chairperson of the MSME Alliance of Kenya, told journalists in Nairobi, the capital of Kenya, that China has emerged as the preferred source country for electronic goods, textiles, cosmetics, vehicle accessories and machinery.
"Chinese goods dominate the Kenyan market as consumers prefer them as they are suited to the tastes of consumers and are also affordable," said Mutahi during the business forum organized by I&M Bank Kenya.
According to Mutahi, Chinese factories can manufacture large quantities of goods to Kenyan specifications in 30 days, compared to other countries, which usually take more than 60 days.
He noted that merchandise once at the port of exit in China can arrive at the Kenyan port of Mombasa in 21 days due to the presence of many shipping lines that ply the route between the Asian nation and Kenya.
Data from the Kenya National Bureau of Statistics indicated that imports from China hit 3.48 billion U.S. dollars in 2022, accounting for 18.2 percent of Kenya's total import bill that year. ■
You may also like
- Red Lobster seeks bankruptcy protection after closing some restaurants
- 93% of Hong Kong protest cases completed
- Call for stronger trail grading standards after mountain biker's death
- Think diplomacy is tough? Try a White House state dinner
- Britain's new bonkers EV: Callum Skye is an £80k electric buggy built in Warwickshire
- 4 men charged for shooting army veteran while he was gardening
- Pseudoephedrine could be back on the shelves as soon as June
- Kate's cancer the latest bombshell in royal family's year of woe
- ‘The Blue Angels,’ filmed for IMAX, puts viewers in the ‘box’ with the elite flying squad