World's largest silk producer to set up base in Kenya
Skip to main content
- Classic 105
- East FM
- Kiss 100
- Radio Jambo
The worldâs largest silk producer Guangdong Silk-Tex Group has announced its plans to set up shop in Kenya.
Top officials of the government owned company met President Uhuru Kenyatta in Shanghai, China, today during which they confirmed plans to set up business in Nairobi.
Officials of the company were led by their Chairman Ke Huiqi.
The company will not only setup a silk processing factory at the Export Processing Zone in Athi River but will also establish a silk farm.
The Guangdong Silk-Tex Group will establish a cocoon farm on an estimated 8,237 acres of land with capacity to handle the entire silk value chain covering cocoon procurement, silk reeling, weaving and trading.
The venture is expected to create over 300,000 jobs for Kenyans.
In another sitting, President Kenyatta met officials of Cherami China-Afri ca Investment Management, a firm that plans to construct a cancer treatment centre in Kenya, in partnership with the University of Nairobi.
The proposed cancer treatment and referral centre is envisioned to become the largest such facility in Sub-Saharan Africa and will be constructed next to the University of Nairobi's Dental School.
The joint venture will include exchange programmes with leading Chinese universities as well as capacity building for Kenyan cancer experts.
The partnership will also include other Kenyan universities as well as explore opportunities in agricultural value addition.
The Kenyan delegation to the meeting included University of Nairobi VC Prof Peter Mbithi while officials of Cherami were led by its Director Chen Ruibing and CEO Wei Xiaolin.
Earlier, President Kenyatta and President Xi held bilateral talks at the Xijiao State Guest Hotel in Shanghai during which they discussed measures to strengthen trade and investment ties between Kenya and China.
At the meeting, President Kenyatta, who is one of the Chief Guests at the China International Import Expo, said the trade fair provides a platform for more win-win partnerships.
On his part, the Chinese leader gave a firm assurance that China will take proactive measures to correct the trade imbalance between Kenya and China.
In a day full of meetings, President Kenyatta also held talks with Chinese investors eyeing opportunities at the Lamu Port.
China is hosting the first ever import expo that is attended by hundreds of companies and participants from over 130 countries among them Kenyan horticultural farmers and traders.
China is using the Expo to showcase its willingness to open up its huge market to other countries.
President Kenyatta will also use the opportunity presented by the Expo explore additional markets for Kenyaâs commodities especially agricultural produce.
Tomorrow, President Kenyat ta is scheduled to deliver a keynote address at the official opening of the expo.
Cabinet Secretaries Peter Munya (Trade and Industry), James Macharia (Transport and Infrastructure), and Monica Juma (Foreign Affairs) are among part of the President's delegation to the Expo.
Others are Principal Secretaries Chris Kiptoo and Betty Maina.
See: Uhuru in China for International Import Expo, holds talks with Xi Jingping
Click here for the latest political newsVideo Vault Poll of the day Â© MessengerPeople Most Popular 1 Luhya leaders formally declare support for Ruto's 2022 bid 2 State to sell 26 companies to finance current budget 3 Worldâs largest silk producer to set up base in Kenya 4 Eyes on Obado as Ruto tours Migori on Monday 5 Agreements that favour Egyptâs rights to Nile waters are outdated 6 Onyango O loo blamed as Raila leads wrangling Kisumu MCAs to a truce 7 Six years with sponsors: Two women share their âadventureâ 8 Boon for Mombasa hoteliers as Polish plane lands with over 250 tourists 9 Uhuru in China for International Import Expo, holds talks with Xi Jingping 10 Ruto to commission roadworks in Raila's Homa Bay, Migori turf on Monday Must read Showdown looms as Swazuri resumes office Swazuri's tense return, Kenya's widening skills gap, Kidero spared raids: Your Breakfast Briefing More people, less land: Why grabbing is common in Kisii Hunter becomes prey in Kisii as war on land grabbers heats up I will have my say on 2022 politics, Uhuru tells critics We have not quit Kenya -Uganda SGR deal - Minister Latest News Kalonzo's father to be buried on November 9 Cancer meds available, KNH assures amid claims of shor tage Luhya leaders formally declare support for Ruto's 2022 bid Worldâs largest silk producer to set up base in Kenya Eyes on Obado as Ruto tours Migori on Monday Boon for Mombasa hoteliers as Polish plane lands with over 250 tourists Popular in classifieds POPULAR SEARCHES IN THE STAR CLASSIFIEDS
- Jobs in Nairobi
- Apartments for rent in Nairobi
- House for sale in Nairobi
- Jobs in Mombasa
- Jobs in Kisumu
- Apartments for rent in Mombasa
- Jobs in Machakos
- House for sale in Mombasa
- House for sale in Machakos
- Apartments for rent in Machakos