Browsing: American Chamber of Commerce

American Chamber of Commerce gears up for its Nairobi meeting

Kenya is preparing to host several American companies during the American Chamber of Commerce (AmCham) Kenya annual Business Summit that will be held on November 4 – 5, 2018 in Nairobi.  More than 200 American companies will participate in the meeting that seeks to explore investment opportunities in Africa.

The Summit, now in its second year is held in partnership with the Kenya and U.S. governments as well as the U.S. Chamber of Commerce and serves as an engagement platform for the U.S. and the greater East Africa region to focus on strengthening two-way, enterprise-driven, trade and investment, forging long-term economic ties and mutual prosperity.

AmCham Kenya Board President Phillipine Mtikitiki described this saying, “The Summit is an opportunity to present and discuss realistic, feasible, collaborative measures and ways in which American and local businesses can leverage the numerous opportunities available in the various sectors of the economies of

President Uhuru Kenyatta has asked US investors to make Kenya their investment destination of choice in Africa, in the latest of his charm offensives in foreign markts.

The President has said his administration’s Big 4 Agenda, particularly the manufacturing component where the government’s plan is to lift the sector’s contribution to the economy from the current 8.4 per cent of GDP to 15 per cent by 2022, offers limitless investment opportunities for US companies.

READ ALSO:How Kenya plans to accelerate Big 4 Agenda

“The sector (manufacturing) presents major opportunities for local and foreign investors in areas such as agro-processing through value addition in key value chains such as textiles and leather, the maritime sector, construction, iron and steel, oil and gas,” the President said. 

President Kenyatta who spoke at a private sector forum hosted by the American Chamber of Commerce and attended by tens of top executives from leading