Kenya’s umbrella body for local entrepreneurs plans to use the Russia-Africa Summit that is scheduled to open on Oct. 23 in the Russia city of Sochi to search for new markets, an official said on Thursday.

Richard Ngatia, president of the Kenya National Chamber of Commerce and Industry told journalists in Nairobi that a delegation comprising of 60 top business leaders will represent Kenya during the two-day event.

“We are looking to expand our export products to Russia beyond tea, coffee and flowers,” Ngatia said.

KNCCI said that Kenya is also looking to form joint partnerships with Russia’s advanced pharmaceutical sectors.

“We also want Russian investors to establish operations locally in order to boost employment opportunities for Kenyan youth,” he added.

Ngatia said that Kenya and Russia have maintained warm historical ties but the trade between the countries remains below the potential.

“We want to diversify our export markets and gain new markets away from the U. S. and Western Europe,” he said.

The trade lobby is looking forward to the direct flights between Nairobi and Russia in order to reduce the travel time between the two countries.

“It will also boost our tourism sector by increasing the number of Russian tourists coming into Kenya,” Ngatia said. Enditem


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