Kenya’s Prime Minister Raila Odinga arrived in Japan on Tuesday heading a delegation for a series of meetings with political leaders and business executives aimed at drawing more Japanese investments to Kenya.
Top on the Prime Minister’s agenda is to have large Japanese corporations like Toyota increase their presence in Kenya possibly by initiating a fully fledged motor vehicle assembly plant in Kenya to serve the Eastern Africa region.
The Prime Minister is set to meet top executives of Toyota Motor Corporation and Panasonic, among other business leaders and tour the Toyota plant in Nagoya.
He will also host a luncheon for the Japanese private sector before the end of his one-week visit where he intends to invite investments in development of infrastructure particularly roads, ports, energy and airports.
According to a statement issued in Nairobi, Odinga said Japanese have not invested in Kenya as they should out of concern that the Kenyan economy is too small for their large corporations.
He said Japanese firms coming to Kenya should have East Africa as their market and Kenya as entry point.
He said the upcoming declaration of a common market by the East African countries should be enough incentive for Japanese corporations and Kenya offers the best entry into that market.
He asked Japanese firms to look at their opportunities in Kenya in the long term, saying that has been the driving spirit for successful Japanese businesses.
Source African Press Agency
African News from NetNewsPublisher.com
Related articles by Zemanta
- Kenyan Premier Concludes Singapore Tour (netnewspublisher.com)
- Tanzanian Vice-President Expected in Kenya on Monday for Official Visit (netnewspublisher.com)
- HRH Princess Haya Al Hussein Seeks Food Aid for Kenya (netnewspublisher.com)
