The Trade and Investment Conference was held between The Kenyan Chamber of Commerce and Industry with respect to the renewal of trade ties with companies in the Middle East as it says there are opportunities to tap into Kenya’s infant oil industry.

The trade and investment meeting gathered together companies from the United Arab Emirates and Saudi Arabia to promote business between East Africa and their middle East counterparts.

George Kiondo, acting chief executive officer at the Kenyan Chamber of Commerce, said at a Trade and Investment Conference in Nairobi that the trade body was interested in organizing proper working relationships between the respective trade associations to make sure that the business takes off.

Moses Ikiara, Executive Director at Kenya’s state-run Ken-Invest, said a single-stop shop for local and foreign investors has been set up in Kenya in order to make the cost of entering the local Kenyan market by foreign firms easy.

He further said the single-stop shop for investors was set up and operational. 

The single stop center was providing investors with support to open new businesses without any inconvenience of dashing from one government agency to another.