Thai investors invited to set cotton ginneries & textile units
15 Nov '05
1 min read
Thai investments in Kenya's cotton and textile industry would benefit both the countries, announced Kenyan President Mwai Kibaki, Wednesday.
Speaking at a banquet in honor of the visiting Thai Prime Minister Dr Thaksin Shinawatra, he invited Thai investors to establish ginneries for processing cotton and manufacturing of textile and export products to the US under the African Growth and Opportunity Act (AGOA).
He urged the Thai business community to take advantage of the improved investment environment and capitalise on the available business opportunities in Kenya.
Kenyan exports proceeds to Thailand rose from US$8 million to $13.5 million in 2004.
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