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Kenyan Businesspeople Ink Mega Deals in China

Kenyan Businesspeople Ink Mega Deals in China

From the Standard.

Kenyan business people have inked several deals in China worth billions of shillings.

Businessman Chris Kirubi, Suraya Group, fertiliser firm Mea Ltd and Beth International were among firms that clinched deals in the just completed tour of China.

“I led a team of 69 traders from several sectors with several of them clinching deals,” said Kenya National Chamber of Commerce and Industry National Chairman Kiprono Kittony.  The group was in China as part of the team of local investors who accompanied President Uhuru on his maiden State visit to Beijing.

During the trip, Mea Fertiliser Ltd entered into talks with two Chinese companies for the construction of a fertiliser plant in Kenya and a partnership to purchase and import farm inputs. Mea Ltd management met their counterparts from China National Chemical Engineering Company (CNCEC) and SINOCHEM, a fertiliser trading company in China.

The trio explored possibilities of a partnership to establish a nitrogenous fertilizer factory in Kenya and a separate deal on the importation of fertilizers. Mea Ltd Executive Director Titus Gitau said the firm would soon sign a memorandum of understanding to build the nitrate plant with CNCEC after the completion of the NPK granulation in 2014.

Read more at the Standard.