Managing Director of Afripeak Expo Kenya limited, Gao Wei on Monday, October 24 affirmed that his company has set bilateral ties with the current Government under the stewardship of President William Ruto in supporting the Bottom-Up Economic model.
Speaking at a press conference held at Serena Hotel in Frangipani Hall, Gao said Afripeak Expo Kenya Limited wishes to work hand in hand with the current government in realizing industrial growth and expansion.
“We recognize and pledge to support the current government’s Bottom-Up Economic Model, offering a platform for both local and international business communities to share technological advancements and boost local production capability to match the international standards through a partnership with stakeholders,” reads part of Gao Wei press release.
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A 5th edition expo scheduled to take place from November 3rd to 5th at Sarit Expo Centre, Nairobi will base on industrialization.
The exhibition setup will include; General Machinery, Construction Machinery, Hardware & Tools, Solar & New Energy products, Auto Parts, Chemical Products, Medical Equipment, etc.
“This year the expo shall remain a combination of virtual and physical (Online +Offline) Hybrid Expo model. The foreign exhibitors will have local representatives at their respective stands. Trade visitors at Sarit Expo Centre will have a chance to see and interact with the products physically and have real-time (live) discussions with the foreign exhibitors via virtual links for business deals and negotiations,” Gowe added.
Unlike the previous four editions, the fifth edition of the Kenya International Industrial expo is set to be bigger and better.
“The show inclusive of the indoor and outdoor area covers 3121㎡, an increase of 20% compared to last year.”
“Altogether, there will be 151 stands built for a total of 130 companies mainly from China and other countries who will showcase their products this year,” the Director stated.
The Afripeak stated to allocate a spacious room to accommodate 20 companies that will present their products and offer an opportunity to link to potential overseas buyers.
According to statistics, over the past four years, the exhibition has received more than 4,800 professionals and merchants from Kenya, Tanzania, Uganda, Rwanda, and other countries, with a turnover of around $ 20 million. Based on these, we could foresee a greater performance this year.
Gowe alluded, that the Intermonetary Fund (IMF) predicted data that Kenya has thrived well economically despite the COVID-19 challenge that hinders development in some countries across the globe.
However, Mr Gowe said Kenya is beating an economic target that will be maintainable come 2023.
“The International Monetary Fund [IMF] data predicts that despite the COVID-19 impact, Kenya’s economy is still expected to grow by 5.7 per cent in 2022 and it will maintain a 5.0 per cent growth in 2023,” he stated.
The majority of African nations have signed more trade agreements in fields like skill transfer and infrastructure development.
“Kenya became an important participant of the Belt and Road Initiative and the gateway for Chinese enterprises to “Go into Africa”. Developing Manufacturing is also one of the Key Sectors in Kenya’s Vision 2030. China now is ready to help increase the added-value and competitiveness of Kenya Products and the objective of the expo is set to provide a unique platform to fulfil this goal,” says Mr Pius Rotich, General Manager of Investment Promotion and Business Development of Kenya Investment Authority.
In addition, Mr Rotich notes that the Kenya Kwanza team has chosen six key pillars: agriculture; micro, small, and medium-sized enterprise (MSME) economy; housing and settlement; healthcare; digital superhighway and creative economy; environment and climate change.
“The expo provides a unique platform for both government and private sectors from the two countries to cooperate on Agriculture, Manufacturing, Healthcare and construction which are the key sectors of priority for the Kenya Government with great socio-economic impact to Kenya,” said Mr Pius Rotich.