The I LAC Africa Business Summit held in Nairobi, Kenya in November 2016, highlighted the enthusiasm and need for South-South collaboration and identified several obstacles to overcome for successful and sustainable trade and commerce between the two continents.

These obstacles include language, lack of cultural awareness and understanding, lack of reliable and easily accessible business information about both continents, long travel distance, inadequate tax incentives, insufficient on-the-ground structures for implementation and follow-up and low participation at the Summit of women entrepreneurs.

President Uhuru Kenyatta, in his meeting with international delegate emphasized that “If we have synergy in both regions, then we can also enhance our capacity through partnerships.”

“With investments coming in, growth takes place, improvement takes place…and we become better people.”

Dr. Manu Chandaria, CEO COMCRAFT Group in his Keynote address talks about the investment possibilities and advantages of partnership between LAC and Africa

“Why hasn’t Latinamerica been present in Africa so far? And why hasn’t Africa been trading with Latinamerica so far?”

Vimal Shah, CEO BIDCO Africa discusses Africa’s competitiveness and the four factors to consider when entering the Africa market

“If you look at the South American map and you look at a Africa map they both are fat at the top and they have very skinny legs. This was done purposely. God was not a fool when he made these two continents resemble each other.”

Dr. Chris Kirubi – Director of CENTUM INVESTMENT COMPANY LTD emphasizes the importance of invigorating South-South business profits back in your country and back to your people to better their lives.

“For decades Africa’s global trade has been flowing from North to South and vice versa but..the time is now right for the continent to deepen engagements with the Latin American- Caribbean configuration.”

Dr. Chris Kiptoo- Permanent Secretary, Ministry of Trade, Kenya talks about Africa’s desire to integrate the Global Economy by encouraging investment relations and exchange between the private sectors of both Continents

“We are not here to invest just to make money, we want to see that we can create and develop the social aspect of (Kenya)…We want to ensure that while the investments are taking place we can live as long to enjoy those investments”

Delroy Howell, CEO of Roth Capital & Tomae LTD talks about the importance of responsible investment and synergy between Africa, Latin America and the Caribbean

“Africa as a Continent has 6 of the 10 fastest growing economies in the world…We believe that the time for South-South cooperation is now.”

Kiprono Kittony- Chairman, Kenya National Chamber of Commerce, Vice Chairman (Africa) International Chmaber of Commerce – World Chamber Federation

Dr Moses Ikiara, Managing Director, Kenya Investment Authority talks about the Kenya Government’s support to investors to ensure their business succeeds wether they are small, medium or mega projects