Kenyan businessmen off to China

16:29, October 14, 2009      

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More than 40 Kenyan businesspeople left the country on Tuesday night for a two-week trip to China where they will explore various investments opportunities.

The Kenyan businesspeople will be in China's Guangzhou city to not only have an opportunity to conduct business there and participate in trade fairs, but also get a chance to visit tourist sites.

Guangzhou, the capital of China's southern Guangdong province, is known for trade in electronic appliances, cloth, leather, furniture and other commodities attracting businessmen from all over the world, especially from Africa.

"A total of 40 Barclays Bank Business Club members' traders flew out to China on Tuesday night on a two-week business trip," Secretary of External Trade at the Ministry of Trade Simon Chacha said before departure.

Chacha commended Barclays for organizing the trip, which furthers the ministry's agenda to increase trade between the two countries.

This is the first group to travel which is expected end on Oct. 22, before the second group departs on Oct. 29 and returns eight days later.

"This particular trip offers the Kenyan traders -- who are a mix of travellers from all industries but mostly in the Small and Medium-size Enterprises segment -- an opportunity to network and explorer business opportunities that China has to offer," Zahid Mustafa, Barclays East & West Africa Consumer Banking Director who is leading the team.

Mustafa recalled that since the beginning of the year, the Barclays Business Club has successfully organized four trips for its members, who respectively went to Taiwan and Hong Kong in April; Yiwu and Shangai in May; Turkey and the United Arab Emirates in July; and Singapore, Malaysia, Thailand last month.

Since the inception of the Barclays Business Club six years ago, more than 4,000 Barclays Business Club members have visited several countries and made valuable business contacts, which have enabled them to expand their businesses.

Mustafa said besides facilitating international business trip, Barclays Kenya offers other value opportunities to members, including organizing trade fairs, networking events, and quarterly seminars on relevant topics such as tax management, marketing, investment, and financing.

Source: Xinhua
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