Kenya's Falling economy:American tycoons jet into Kenya today in hunt for deals

Kevin85ify

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Apr 6, 2019
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American tycoons jet into Kenya today in hunt for deals
MONDAY, NOVEMBER 4, 2019 10:25
A section of Nairobi
A section of Nairobi.

American officials, accompanied by business tycoons, will jet into Nairobi today to start a packed two-day meeting with government and private sector leaders in hunt for trade and investment deals in Kenya.

The US delegation led by Deputy US Trade Representative C.J. Mahoney is expected to scout for business opportunities in East Africa’s largest economy where Chinese influence has been rising rapidly.

The American officials will attend the two-day American Chamber of Commerce (AmCham) Business Summit 2019 at the UN Complex, Gigiri. Kenyan businessmen and State officials led by President Uhuru Kenyatta will also attend.

“The summit will enable participants to identify and leverage opportunities for increased trade and investment between the US, Kenya and the East Africa region by presenting a unique opportunity for both private and public sector players,” said a brief from the organisers ahead of the meeting.

“The summit, now in its second year, is held in partnership with the Kenya and US governments as well as the US Chamber of Commerce, bringing together American, Kenyan and East African business executives, international investors, senior government officials and multilateral stakeholders.”
 

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