ownership of China Square
 China Square

Moses Kuria, the Cabinet Secretary for Investments, Trade, and Industry, has recently said that he would assist the ownership of China Square in establishing a manufacturing factory in Kenya. China Square has been embroiled in a number of legal disputes.


According to Kuria, after the investment has been made, the entrepreneur will collaborate with Kenyan merchants.


Kuria made the following announcement on Twitter on Saturday evening: "I will assist China Square Owner Mr Cheng in constructing a manufacturing plant in Kenya and working on a supply chain partnership with Gikomba, Nyamakima, Eastleigh, Kamukunji, Muthurwa, and River Road Traders," Kuria said.

 

The proposed update follows the trade in which CS criticises the "China investor" for trading at the Kenyatta University-owned Unicity mall. This transaction took place after the new development.


"Today, I made an offer to the Vice Chancellor of Kenyatta University, Professor Wainaina, to buy out the lease for China Square and Unicity Mall and pass it over to the Gikomba, Nyamakima, and Muthurwa Merchants Association.


According to what he had stated, "We welcome Chinese investment to Kenya as producers, not dealers."


Kuria placed the responsibility on Fred Matiang'i, who had previously served as the Interior Cabinet Secretary, and questioned why he had granted working visas to Chinese businesspeople when he was in control of the department.


On Sunday, February 26, China Square made the decision to notify its customers of its temporary shutdown as a result of the issue. China Square has lately seen an enormous increase in the number of purchasers.


China Square sent a message to its clients on Saturday, informing them that the establishment would be closed on Sunday.


The statement said that the reason for the closure was to "re-evaluate and replan our corporate objectives in the interest of better serving our consumers and satisfying their demands."


According to what was said there, "We are also looking at the prospect of cooperating with local retailers to strengthen what we have to provide and blend in further with the neighbourhood."


Clients have been coming to China Square ever since it debuted on January 29 to purchase home products, clothing, gadgets, and other goods that can be found on the streets of Nairobi. China Square was launched on January 29.


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