Hong Kong Companies Send Business Delegation to Seek Investment Opportunities in East Africa

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Leading companies from Hong Kong are seeking investment opportunities in East Africa. In light of these developments, the Hong Kong Trade Development Council (HKTDC) through Fairbrain Consulting Limited (FAIRBRAIN) and the Kenya Chamber of Commerce, has hosted a high-level business delegation from Hong Kong in Kenya.

The Hong Kong Trade Development Council is a statutory body established in 1966 as the international marketing arm for Hong Kong-based manufacturers, traders and service providers. The organisation has more than 40 offices around the world, including 13 on the Chinese mainland. The HKTDC promotes Hong Kong as a platform for doing business with China, Asia and other nations from across the globe.

As part of their investment mission, delegates from Hong Kong met their counterparts at a business luncheon in Nairobi, Kenya on June 28th, 2018.

A total of 8 high-level business companies and 22 delegates are participating in the business mission, meeting Kenya business companies on a one-on-one basis.

One of the companies from Hong Kong seeking investment opportunities in East Africa, and Ethiopia in particular, is Alco International Limited, which was founded in Hong Kong in 1968. The firm was founded at a time when the country’s electronic manufacturing industry started to boom and became an important business sector in Hong Kong.

Also among the firm’s seeking opportunities in East Africa is Cheerful Global Marketing Ltd, a group that tackles expansion of the Guy Laroche unique watches, developing the awareness of its French origin globally.

Also on the list is Continental Paper (China) Ltd, which was established at 1997, factory in Dongguan, China with supporting offices in Hong Kong. Its Core business is making consumer product for Home Deco, Artist Material, Luxury Packaging as well as Sporting goods. The firm targets innovated products that are designed by the owner.

Kenya, which is famously referred to as East Africa’s ‘Silicon Savannah’ due to its ever-growing potential in the tech sector, will serve as a Launchpad for these initiatives.

At the business luncheon, it emerged that Hong Kong will play a key role in ensuring Nairobi is internationally competitive, making it the ideal location for businesses and companies to reap the benefits of the city cluster.

“HKTDC is committed to develop and expand new frontiers by exploring, learning and innovating, creating and delivering value to our customers,” the organization said in a statement issued at the event.

The group plans to build on Hong Kong’s economic success through global business. With more than 50 years of experience, its mission is to explore opportunities for Hong Kong companies, especially with small and medium-sized enterprises (SMEs), and connect them with business partners from around the world.

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