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Investors interested in Kenya

Updated: 2013-08-20 23:10
By Cai Xiao ( China Daily)

According to Simiyu, Kenya's tourism resources make it a good choice to hold conventions. Last year, 288 conventions, including 29 international ones were held in the country.

Besides Nairobi, the coastal cities of Mombasa and Kisumu are also perfect places to build convention facilities, he said.

Kenya's new President Uhuru Kenyatta also attended the forum on Tuesday, indicating the importance of the country's trade mission to China and the key role his government is playing in boosting bilateral trade between the two countries.

Kenyatta is on a state visit to China scheduled, running from Sunday to Friday.

The country signed deals worth $5 billion with China on Monday to build a railway line and an energy project.

Funds will be spent on energy projects and on a standard-gauge railway linking the port of Mombasa to the border town of Malaba.

The average annual growth of bilateral trade between the two countries has been 30 percent in recent years, and the value last year totaled $2.84 billion, according to data from the Embassy of China in Kenya.

By the end of June, China's direct investment in Kenya was at $474 million.

China is Kenya's second-largest trade partner.

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