Minister of Trade and Investments, Olusegun
Aganga, said the maiden economic forum between Nigeria and Kenya had recorded a
huge success in terms of trade and economic development between both countries.
He said the forum was a door opener to new range
of opportunities that would increase the volume of trade and value of
investments between Nigeria and Kenya, which had, hitherto, been so low.
Nigerian business mogul and Forbes magazine
richest black person in the world, Alhaji Aliko Dangote, who led the Nigerian
delegation and chaired the dialogue group, said a number of Nigerian investors
would be willing to invest in the oil sector in Kenya.
Dangote, at the forum, announced the decision of
his conglomerate to invest $400 million (about N64 billion) in cement
production in Kenya.
Minister of Culture and Tourism, Edem Duke, said
over 70 per cent of interest by the Kenyan businessmen at the forum was focused
on tourism.
He said the sector, which is a Greenfield and new
frontier, which has low entry barrier, aroused the interest on many Kenyan
businessmen and women.
According to him, the area of focus would be wild
life development, horticulture, hospitality, training, leisure and
entertainment facilities.
Source: Guardian
More details coming...
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