Colombia in plan to help Kenya revitalize textile, cotton industry

Colombia intends to help Kenya revitalize its textile and cotton industry, representatives from the South American country have confirmed.

Following the success of the recently concluded Latin America, Caribbean and Africa Business Summit (LAC Africa) held in Nairobi, participating governments are seeking to partner to ensure social and economic growth for their citizens.

LAC Africa delegates said the revival of the sector will help the country transmit authentic Kenyan culture through design and textiles internationally promoting a fusion of Kenyan and Afro Colombian cultures. Kenya will seek to establish Honorary/Consulate services in the Caribbean while Jamaica will invest in Kenya to promote environmental preservation by reducing carbon emissions.

The second LAC and Africa Business Summit will held in Argentina in the province of Santa Fe next year. Argentina, the largest livestock producer in the world will undertake to transform the meat processing industry in Kenya and to enhance technological transfer for agribusiness and across other sectors. On its part, Brazil has further undertaken to host the global Agribusiness Forum in Kenya in the coming year of 2017 and in its quest to promote tourism, Brazil will bring Globo TV to film Kenya. The country, which is biggest Latin American economy, would also bring cervical cancer detection equipment to Kenya in order to enhance Kenya’s health sector. Cameroon and Morocco are looking forward to the purchase of land so as to invest in agribusiness project in Kenya.

In line with these initiatives, the Kenya National Chamber of Commerce and Industry is to sign several MOU’s with the Afro Chamber (Brazil), Chamber of Commerce of Rosario (Argentina) and Jamaica Chambers of Commerce.
Industrialization Cabinet Secretary Adan Mohamed, who was keen to ensure the success of the Summit, pointed out that the partnership between the two regions is essential in unlocking the wealth of its people. The two regions are both rich in raw material and human capital, which will catalyze the process of doing business between them. The two regions would also seek to build bridges through the development of relevant skills required to strengthening their economies.

Previous OPEC decision to scale down fuel production may have long term effects on Kenya’s oil sector, experts say
Next Demand for high end Nairobi apartments remains low despite sinking rent prices

You might also like

News 0 Comments

News Headlines

MPs propose presidential aspirants run for Parliamentary seats Presidential aspirants who lose in presidential elections may soon find their way back to Parliament should the National Assembly support a proposal

Business 0 Comments

Business highlights – Transport Authority vows to reduce Nairobi congestion as construction of Western Bypass begins

Government vows to reduce Nairobi congestion as construction of Western Bypass begins Construction works on the Ksh17 billion Western Bypass have begun as the Kenya Urban Roads Authority (KURA) moves

Latest 0 Comments

Conte’s tactics on point as Italy overwhelm below par Spain

Italy produced a passionate and tactically superior display to end Spain’s quest for a third consecutive European Championship title and secure a mouth-watering quarter-final tie against world champions Germany. Using


No Comments Yet!

You can be first to comment this post!

Leave a Reply