ABSA bank relaunches its China desk to support growing trade between Kenya and China

-
Absa bank Managing director and CEO Abdi Mohamed

NAIROBI, Kenya Oct 3...The strategic initiative underscores the bank commitment to providing tailored financial solutions to support the growing trade between the two dynamic economies 

The new desk is fully staffed with mandarin speaking professionals will enable the bank provide banking services such as project financing , CPF financing , trade financing , Foreign exchange and hedging , Cross-cultural expetise and access to a global network of experts 

"The establishment of the china desk is a response to the increase of demand for financial services and expertise in facilitating trade and investment between Kenya and China" said Abdi Mohamed managing director and CEO Absa bank

China is one top trading partners and remains the single leading source of Kenya's imports , accounting for slightly over  quarter of total imports valued at KES 452.6 billion in 2022 according to 2023 economic survey report 

Subsequently Kenya's export to China were valued at KES 27.5 billion in 2022 compared to KES 21.9 billion in 2021 representing 25.8 percent increase 

"As the trade relations between the two nations countinue to flourish , Absa bank is well positioned to offer specialized support to businesses and individuals engaging in cross border transactions" reiterated Mohamed 


Comments

Post a Comment

Popular posts from this blog

Chinese Language Teachers Association of Kenya encourages cultural exchange between Kenya and China

-
Image
Ms.Faith Mworia, Chairperson, Chinese Language Teachers Association of Kenya NAIROBI, Kenya  Dec 3...  The highly anticipated event brought together Chinese language teachers , delegates from Chinese embassy in Kenya and members of the public in celebrating Chinese language and culture. The association has over 200 teachers across different levels including primary,high school and tertiary schools teachers and lectures have managed to visit different schools teaching Chinese language and donated Audio-visual materials in enhancing the teachers teaching capacity  Furthermore, the event acted as a bridge building between the two cultures which symbolizes beautiful harmony that arises when diverse communities come together , It embodies the essence of cultural exchange,  fostering,  understanding and promoting unity between Kenyans and Chinese "As we celebrate 60 years of friendship between Kenya and China this year, we the alumni stand to be counted first as ambassadors
Read more

Chinese leader Xi Jinping respond to a letter from Kenyan students and alumni of Beijing Jiaotong University

-
Image
PHOTO: Xi Jinping, President The people's Republic of China. NAIROBI, Kenya Jan 26... The letter by representatives and alumni of Kenyan students at Beijing Jiaotong University to President Xi Jinping appreciating education they received in China Chinese Leader Xi Jinping lauded friendship of the two countries saying that Mombasa-Nairobi standard gauge railway (SGR) is a flagship project and succesful example of belt and road cooperation between Kenya and China Xi commending that it has made travel easier and created jobs for Kenyan people and strengthen regional connectivity as well as serving as a symbol of China-Kenya friendship and a hub for people to people exchanges "I am glad to see that this railway to happiness  has also created a bond between you and China making you not just witnesses and beneficiaries but also contributers and promoters of China-Kenya and China Africa friendship" said President Xi jinping The Chairman Kenya China alumni association
Read more

Ministry of Education in collaboration with KICD hosts 4th African Curriculum Association (ACA) Conference

-
Image
  Nairobi, Kenya July 24… African States have been asked to design curricula that will not only enable African youth to work but empower them to be creative, youths are the agent of change and with a relevant curriculum in the 21st Century, it is feasible to drive the continent to greater heights. The three-day conference brings together countries including Chad, Benin, Uganda, Ivory Coast, Ghana, Nigeria, Senegal, Sierra Leone, Tanzania, Rwanda, Burundi, Congo Brazzaville, Gambia, Eswatini, Liberia, Malawi, Mali, Niger, South Sudan, among others Participants at the fourth African Curriculum Association (ACA) Conference in Nairobi heard how the continent is lagging behind because of outdated or inappropriate learning content that hardly helps human capital formation optimize performance. “When I taught in the US before joining politics at home, I observed the gaps that were there between our system and that of the US and I picked positive lessons that I used for establishing model
Read more