Kenya is actively pursuing Chinese investors to establish operations in its green industrial park situated in Naivasha, approximately 90 km northwest of Nairobi, according to a government official. Abubakar Hassan Abubakar, Principal Secretary in the Ministry of Investments, Trade and Industry, highlighted the park’s strategic location atop the country’s geothermal fields, ensuring a sustainable and reliable power supply.
Speaking to Xinhua in Nairobi during the launch of Stanbic Bank’s 2023 sustainability report, Abubakar disclosed that several Chinese investors have shown keen interest in setting up factories powered by renewable energy sources. He emphasized the potential for Chinese investment in Kenya’s green economy sectors, such as solar energy and recycling.
The industrial park aims to facilitate the export of green products from Kenya, bolstering the country’s foreign exchange earnings, Abubakar added. He also announced Kenya’s commitment to supporting small and medium enterprises (SMEs) in the green economy with a $40 million fund, with plans to expand it to $200 million through collaborations with international development institutions.
(Xinhua)