Japan investors during a meeting with their Kenyan counterparts. FILE PHOTO | NMG
Nairobi-based investment banking advisory firm Meghraj Capital
(MCL) has been nominated the local partner for the upcoming Japanese
manufacturers’ trade tour to Kenya.
Executive vice
chairman Binoy Meghraj said the firm will co-organise a Kenya-Japan
manufacturer fair in Nairobi that creates a forum for networking and
possible formation of joint ventures.
“Kenya
Association of Manufacturers (KAM) is actively involved in selecting
manufacturers who will meet same-line Japanese manufacturers with a view
to creating synergies that improve manufacturing processes, new product
formulations as well as investments,” he said.
Speaking
in Nairobi, Mr Meghraj said the advisory firm will co-ordinate the
January 2020 Japan Trade Fair with the Japanese Business Council for
Africa where participating companies will enjoy transfer of information
on business processes from the factory floor to management as well as
investments.
“Local firms will benefit from our deep
knowledge in investment advisory based on our experience in handling
such matters between Japan companies and local companies,” he said.
Mr Meghraj said Japanese companies were keen to invest in Kenya as a launch pad for planned expansion into East Africa markets.
MCL
is part of the Meghraj Group which started operations in Kenya 95 years
ago and has since opened offices in India, Japan, UK and Dubai where
they are largely involved in cross-border investment advisory deals.
The trade mission is sponsored by Japan’s Ministry of Economic, Trade and Industry.
MCL
said several deals between Japanese and Kenyan companies were currently
being discussed with major announcements planned for disclosure during
the Nairobi Japan Trade fair.
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