On Saturday 17th June 2023 the newly elected Chamber President Dr. Erick Rutto and Chamber Vice President Mr. Mustafa Ramadhan accompanied by Ambassadors representing United Arab Emirates (UAE) , Saudi Arabia, Oman , Kuwait, Palestine, Jordan, Algeria, Yemen, Egypt, Iraq and Sudan were hosted by officials from Golden Africa Ltd. The Ambassadors congratulated them for being elected into the respective positions and gave their commitment to work with KNCCI on increasing trade and investments in different value chains.
Golden Africa Kenya Limited was established in Nairobi in 2012 and started production in 2015.The company is the only foreign investment in Kenya in the field of manufacturing of edible oil, shortening and soap among more than 13 local manufacturers. It has a crude oil refinery with a capacity of 500 tons per day. The number of its employees is about 550 people.
KNCCI gave its commitment to work closely with the ambassadors who actively contributed to the discussions by sharing insights and identifying actionable steps for enhancing trade and investment cooperation between Kenya and the Arab countries through key value chains including livestock, the leather industry and the prospects in agro-processing. These value chains contribute to Kenya’s economy by providing food, employment, income and export earnings. These sectors have promising prospects for growth, which can be realized through targeted investments, improved value addition, market access, and technological advancements.