Nairobi, October 24, 2023 – The Inaugural Polish-Kenya Business Forum organized by The Kenya Embassy in Poland, in collaboration with the PolishInvestment & Trade Agency and the Kenya Investment Authority was held today as a commitment to catalyze trade, investment deals and partnerships in an effort to foster shared prosperity for both nations.
More than 400 business and Government representatives from both countries participated in the Forum to explore trade and investment opportunities in the country.
During the Forum, two major investment deals were successfully signed. Key highlights of the deals include:
Deal 1: Dig Iin Vision + Toolkit Skills and Innovation Hub have agreed to a strategic partnership- on technology transfer in Virtual Reality (VR) welding technology from Poland towards improving vocational training in Kenya. This technology will help many young Kenya to acquire skills they need to succeed in the digital age. The technology uses VR welding simulator solutions that are not only environmentally friendly but also ensure the safety of the learners. This agreement is expected to create jobs for the Kenyan youth and women in the profession.
Deal 2: MDN Systems Ltd and Tatu City Limited have signed a memorandum of understanding for the set up of an aluminum factory for modern buildings (both residential and commercial) at Tatu City in Kenya. The products will include windows, doors, facades, shop windows, winter gardens, terrace covers, skylights, external glazing, facade roller blinds, facade shutters.
Speaking during the Forum, Abubakar H. Abubakar, Principal Secretary, StateDepartment for Investment Promotion assured the Polish investors that Kenya is a secure, competitive and profitable market for investment.
These deals mark a significant milestone and demonstration of the confidence thatPolish investors have in the Kenyan business ecosystem, said Mrs. Sally Mahihu,Chairperson, Kenya Investment Authority