Business news

Belarus to build plant of concrete products, fish-breeding farm in Kenya

MINSK, 8 August (BelTA) – Belarus will build a plant of concrete products and a fish-breeding farm in Kenya to the total amount of about $104 million, BelTA learned from the Belarusian embassy in Kenya following the Belarusian-Kenyan business forum.

The projects will be implemented as part of Kenya’s Big Four Strategic Plan that includes food and nutrition security, universal healthcare, affordable housing and manufacturing. An agreement was also signed to ship motor and tractor equipment to Kenya to the total tune of some $20 million with the following launch of a plant in Kenya to assemble up to 5,000 Belarusian tractors per year.

The Belarusian-Kenyan business forum was held in Nairobi. The Belarusian delegation led by Deputy Chairman of the Board of the National Bank Sergei Kalechits comprised representatives of MTZ, MAZ, Lidselmash, Belgospishcheprom, Lidakhleboprodukt, Smorgon Bakery, Grodno Tobacco Factory Neman, Unibox Group and the National Center for Marketing and Price Study.

Kenya was represented at the forum by the leadership of the Kenya National Chamber of Commerce and Industry, the Ministry of Foreign Affairs, commercial companies, finance and credit institutes. The participants discussed the promising areas to advance trade and economic cooperation between the two countries.

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