Equity bank hosts US delegation to explore trade opportunities

Equity bank is hosting a delegation from the United States in a bid to explore trade-related collaboration opportunities between Nairobi and the Joe Biden-led nation.

This follows successful Equity-led trade missions in Tanzania and Zanzibar.

Equity is collaborating with the United States Embassy in Kenya, East African Business Council, Minnesota Africans United, Global Minnesota and Prosper Africa on the Kenya segment of the trade mission.

Over 500 local entrepreneurs will get the chance to interact with the delegation via organised panel discussions and one on one business networking sessions.

The delegation will also tour a number of local SMEs whose base of operations is in Nairobi.

“I extend a warm and cordial welcome to the visiting delegates from the USA and the local private sector players and look forward to positive engagements that will lead to business realization," Equity CEO Dr James Mwangi said while underscoring the entity's commitment in supporting the government overcome the current gaps in trade across Kenya and the world at large.

"Our interactions during this trade mission are critical as this will enhance knowledge exchange enabling us to meet the needs of the immediate market and the global trends in consumer behaviour.”

On his part U.S Embassy in Kenya Senior Commercial Officer, U.S Commercial Service Joshua Startup noted that the trade mission will provide American investors with the opportunity to expand their footprint locally as well as augment export/import agreements for local materials and finished products.

“This trade mission being facilitated by Equity Bank Kenya and Tanzania together with their partners has come at a time when Kenya is identified as one of the 10 fastest growing economies in Africa, a potential market and hub for global trade. This makes it an excellent investment opportunity for American companies looking to invest and expand their business profile,” he said.

The mission is among the many initiatives that the Group through its regional banking subsidiaries in 6 countries has put in place to accelerate the implementation of the Africa Recovery and Resilience Plan and to champion the sustainable building back better of the African continent post the COVID-19 pandemic.