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22 May 2018

PAIH intends to double trade turnover with Kenya

“Construction, e-health, food and agriculture machinery – there are sectors especially prospective for Polish companies in Kenya. We hope their exports dynamics to be faster and we encourage them to enter the Kenyan market bolder. Our objective is to double the value of the trade turnover and to register approx. 30 firms including Polish equity stake, within five years,” Michael Mazurewicz, the head of the Polish Investment and Trade Agency trade office in Kenya. The bureau, on May 22nd organised 1st Kenyan Investment Conference in Poland.

In 2016, the value of Polish exports to Kenya totalled nearly USD 50m, whereas the imports was worth USD 27m. Despite the trade surplus, the bilateral economic cooperation hides a great potential. The support of Poland’s companies foreign expansion is included in the Responsible Development Strategy. For these and many other reasons, the Polish Investment and Trade Agency had decided to open a trade office based in Nairobi, over a year ago. In Mazurewicz’s opinion, a fast developing country, such as Kenya, could be a prospective business partner for Polish companies “The Kenyan middle class has been growing tremendously and there have been needs that could be fulfilled by imported goods and services. This is the opportunity for Polish-Kenyan ties to flourish,” he stressed.
 
He pointed out Ndarugu Metropolis project as one of the means to strengthen the economic cooperation “Through investment in strategic infrastructure, the project seeks to establish a dynamic mixed-use development that will become a catalyst for the wider regeneration of the area. Polish companies could provide the Kenyan partners with essential machinery and technology. Furthermore, they could produce food and construction materials on site and sell it in the receptive market of East Africa,” Mazurewicz argued. In his opinion, Tatu City Industrial Park could play a similar role. Additionally, he stated that there already are some Poland-based companies that entered the Kenyan milk and food industry and are interested in the e-health sector.
 
The conference took place in Warsaw and gathered both Polish and Kenyan businessmen eager to either start on deepen their relationships.

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