In a significant move toward bolstering the local textile industry, a new Memorandum of Understanding (MoU) was inked today between the Kenya National Chamber of Commerce & Industry (KNCCI) and the Kenya China Chamber of Commerce & Industry (KCCCI). This landmark agreement seeks to reinforce trade relations, enhance investments, and notably, generate a whopping 20,000 job opportunities for the youth in the textile sectors of Kilifi and Machakos Counties.
As Kenya grapples with the challenge of youth unemployment, this initiative represents a beacon of hope for many aspiring young professionals in the region, said The Chamber President Dr. Erick Rutto .The MoU outlines a broad framework for partnership, emphasizing the mutual goal to deepen ties between the Kenyan and Chinese business communities, facilitate smoother business cooperation, and accelerate trade.
KCCCI Chairman Mr. Tim Chen Congcong noted that the organization serves as a pivotal bridge in strengthening the business cooperation between Kenya and China. Together, their combined efforts aim to spotlight the potential of the Kenyan textile industry and tap into the vast resources and expertise that Chinese businesses and investors bring to the table.
This strategic partnership promises more than just employment opportunities. By intertwining the strengths of both nations, it seeks to boost capacity-building mechanisms, promote technological exchanges, and advocate for policies that foster investment and bilateral trade.
As stakeholders in the textile industry eagerly await the ripple effects of this collaboration, the broader implications for Kenya’s socio-economic landscape remain undeniable. This partnership not only amplifies Kenya’s commitment to industrial growth but also underlines the importance of international collaboration in shaping a brighter, more prosperous future.
The MoU was signed by the KNCCI Chamber President Dr. Erick Rutto , KCCCI Chairman Mr. Chen Congcong witnessed by KNCCI Company secretary Mr. Kihara Njunguna and KCCCI Secretary Mr. Peter Waweru