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World’s largest silk producer to set up base in Kenya
6:01 CAT | 05 Nov 2018
The world’s largest producer of silk, Guangdong Silk-Tex Group, announced on Sunday plans to set up shop in Kenya.Top officials of the government-owned company met President Uhuru Kenyatta in Shanghai, China, on Sunday during which they confirmed plans to set up a business in Nairobi.
Officials of the company were led by their chairman, Ke Huiqi.
The company will not only setup a silk processing factory at the Export Processing Zone in Athi River, in the outskirts of Nairobi, but will also establish a silk farm.
The Guangdong Silk-Tex Group will establish a cocoon farm on an estimated 8,237 acres of land, with capacity to handle the entire silk value chain covering cocoon procurement, silk reeling, weaving and trading.
The venture is expected to create over 300,000 jobs for Kenyans.
China is hosting the first-ever import expo that is attended by hundreds of companies and participants from over 130 countries, among them Kenyan horticultural farmers and traders.
China is using the Expo to showcase its willingness to open up its huge market to other countries.
President Kenyatta will also use the opportunity presented by the Expo explore additional markets for Kenya’s commodities, especially agricultural produce.
On Monday, Kenyatta is scheduled to deliver a keynote address at the official opening of the expo.
Source: AFP
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