Tatu City, China-Africa Chamber of Commerce in a Pact to Drive Bilateral Investments

Tatu City has partnered with the China-Africa Economic and Trade Chamber of Commerce (CAETC) to promote economic growth between Kenya and China.

CAETC, a non-profit social organization comprised of Changsha-based businesses, will promote commerce and cooperation between China and Africa through, among other things, market access.

The pact is also expected to boost bilateral relations between the two countries, paving the way for new business opportunities.

“This collaboration between Tatu City and the China-Africa Economic and Trade Chamber of Commerce marks a significant milestone in enhancing the connections between our nations,” Johanna Chen, Executive President of Changsha Chamber of Commerce said.

“We are excited about the potential to drive economic growth through joint investments here at Tatu City SEZ.”

Tatu City currently houses Chinese firms such as Tianglong Cylinder Company, Stecol Corporation, FullCare (Kenya) Medical SEZ Limited, Zheng Hong, and Peonystar Kenya Limited.

Over Sh200 billion in investments are represented by 77 operating or under-development enterprises at the Ruiru-based SEZ.

Dormans, Copia, Cooper K-Brands, Grit Real Estate Income Group, Twiga Foods, Freight Forwarders Solutions, Friendship Group, Davis & Shirtliff, Kenya Wine Agencies Limited, and Roast by Carnivore employ about 9,000 people.

Crawford International School and Nova Pioneer educate about 3,500 students each day, and the Unity Homes and Lifestyle Heights condominiums, as well as the Kijani Ridge elite area, house over 4,000 people.

“We have had discussions with the Common Market for Eastern and Southern Africa (COMESA) and the East Africa Community (EAC) Secretariate to establish how trade policies can be refined to promote investments and market access in Africa,” Solomon Mahinda, Executive Vice President of Tatu City stated.

“Our collaboration with CAETC magnifies this conversation and signifies a harmonious blend of strengths and opportunities,” he added.

“We look forward to creating synergies that will unlock new avenues of growth, stimulate trade, foster enduring friendships between our countries, and establish Kenya and the greater East Africa region as the landing port for continental investments.”