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NCA on Tuesday, 7th November hosted the American Chamber of Commerce (AmCham) for a consultative meeting at the Authority headquarters in Upper Hill.
Dr. Daniel Manduku, NCA’s Executive Director received the delegation led by the Chief Executive Officer, Mr. Maxwell Okello. The meeting’s main agenda was to make a formal introduction as well to discuss potential collaborative projects.
AmCham was founded by American investors in Kenya in the year 2005. It is a non-profit organization whose membership is open not only to multinationals but local companies with strong American links. Some of its recognized members include Coca-Cola, IBM and General Motors (GM). NCA was encouraged to become a member of ACCK; Insurance Regulatory Authority, a state agency, is a current member. Currently, AmCham has 130 active members.
As with other similar bodies, AmCham’s top key objectives are to foster and promote trade between the United States and Kenya. Among its other objectives, AmCham provides a forum for discussion on areas of common interest between relevant American and Kenyan business individuals. Advocacy of members’ issues to the Kenyan government, advancement of member interests and maintaining close relationships between the US Embassy in Kenya and the US Chamber of Commerce also makes up part of their agenda.
NCA’s business development arm works in conjunction with other agencies on major projects, such as the construction of Huduma Centres across the country, on which the Authority provided consultancy services. Dr. Manduku pointed out that the Government of Kenya in partnership with the private sector plans to build one million houses within the next five years. He requested AmCham to encourage more American companies invest locally, and possibly partner on the project.
AmCham was also requested to provide industry contacts that would be passed on to local contractors that would enable them to access and import superior reconditioned American construction equipment, in an effort to mitigate construction costs.
Both sides pledged to keep open communication lines towards mutually beneficial collaborations.