{{Egyptian investors are looking to venture into Kenya’s petrochemical industry following the discovery of exploitable oil deposits in Turkana.}}
The Embassy of Egypt confirmed Thursday that about 40 companies would visit Kenya next month on a fact-finding mission.
“Kenya’s profile as the region’s hub continues to grow especially after the oil find. That is why the (Egyptian) firms are coming,” Tamer El-mahdy, a consul, said Thursday during the announcement of a three-day international trade fair to be held on November 19 in Nairobi.
The conference dubbed Kenya Chemex 2013 will see various companies that manufacture products derived from oil such as and plastics, paint, paper, cosmetics, machines and pharmaceuticals explore opportunities in Kenya.
The event has attracted household names in Egypt such as Lasheen, Egyplast, Mido Coating and Altawfiq that will also be looking for partnerships with Kenyan traders.
The trade fair will be held at the Kenyatta International Conference Centre in Nairobi and will be open to stakeholders in the petrochemical products sector.
businessdaily
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