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by Institute for Global Dialogue

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by Institute for Global Dialogue

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Dti to lead companies on investment mission

The mission, which aims to increase trade and investment between South Africa and the two countries, will take place from 16-20 February.

Dti Minister, Dr Rob Davies, described Kenya as a strategic country for South African companies looking to access the East and Central African markets. He said Kenya boasts strong agricultural and manufacturing sectors which make it a key trade and investment destination.

“Between January 2009 and 2015 a total of 17 Foreign Direct Investments projects from South Africa into Kenya were recorded. These projects represent a total capital investment of R2.2 billion which is an average investment of R118.89 million per project. During the period, a total of 462 jobs were created,” said Minister Davies on Wednesday.

He highlighted that the South Africa – Kenya trade statistics indicate that South Africa has been experiencing significant trade surplus with Kenya which implies that South Africa’s exports to Kenya have constantly been higher than imports from Kenya.

Available: http://www.sanews.gov.za/south-africa/dti-lead-companies-investment-mission 

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