Last week saw tens of German companies and thousands of German business people convene at the Kenyatta Internationa Conference Centre in Nairobi, in a bid to attract and form partnerships with Kenyan investors.
At the second installment of the CIBEX East Africa, German companies and Kenyan investors involved in the construction, renewable energy and infrastructure sectors, met at the KICC in a bid to form business partnerships.
German companies were in a rush to showcase their products that could be used in major construction projects that are currently underway in Kenya and within the East African region for example: the LAPPSET, the Standard gauge railway started in Kenya or the Southern Sudan-Kenya Highway and the Ethiopia-Kenya highway. All these projects promise billions of shillings to be spent.
“Kenya’s vision 2030 defines a great number of challenging and promising projects such as LAPSSET, Standard Gauge railway, Lamu Port, increase in energy supply, wind energy, biofuel projects among others. All these projects offer opportunities for collaboration, cooperation and increased business relationships,” remarked Andreas Peschke, German Ambassador to Kenya.
This comes after a group of German parliamentarians were in Kenya a few weeks ago and they pinpointed Real Estate and construction as the go to sectors. This was followed by a visit by the German Foreign Minister, Dr. Frank Walter Steinmeier, who also met with various investors and business people to see a way forward in Kenya-German business relations.
Steinmeier during his visit noted that the German interaction with Kenya were misfit for the current state of affairs. He urged more investors to look into how to partner and work together.