The German investors are unapologetically eyeing the Kenyan market; many have already set up shop in Kenya while many others are still thinking and analysing the safety of going in. The German investors on being asked confirmed that they were competing with the Chinese for the market but argued that they were better partners as they not only sold their goods there but also facilitated knowledge transfer to the locals.
Last week the Kenyan Prime Minister Raila Odinga hosted the launch of Kenyan-German Business Forum at the Hilton where he encouraged the Germans to invest in Kenya and asked them not to worry about the upcoming elections.
A branch of the German Chamber of Industry and Commerce (Industrie und Handelskammer) has also been launched in Nairobi. Kenya became the third country in subsaharan Africa after Ghana and Angola to host such an office.
For those of you in Munich and are also interested to know what is in it for you as an investor in Kenya, the IHK will be hosting a meeting for possible investors. It would also be interesting for those of you who are looking for investors, to go and network with the investors there who might be interested in investing but aren’t too sure on where and how or with whom. The event termed Kenia Roundtable will be held in English and the details are:
For those interested in attending, you can register here.