To address the current dispute between domestic and foreign investors that has resulted in the shutdown of China Square, senators have encouraged the Ministry of Trade to interact with investors in an organized manner.
A Chinese trader who leased a mall store along Thika Road and received positive client feedback has sparked a blazing controversy with an explosive reply.
The lawmakers, led by Nandi Senator Samson Cherargei, emphasized the necessity for a non-biased approach to promoting foreign trade and blamed Trade CS Moses Kuria for the shutdown of the Chinese company.
To resolve the issue without harming the investors' businesses, Cherargei pleaded with Kenya's Ministry of Trade and Industrialization in a statement. "According to Cherargei, Kenya has a policy that supports fair, non-bias, and protected business operations for trade and investment.
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The senators claim that the Kenya Investment Authority (KIA) information demonstrates that yearly foreign direct investment to Kenya exceeds Sh 200 billion.
They questioned why we had well-established businesses operating in Kenya, such as the Carrefour network of supermarkets, Java House, and Quickmatt stores, but Chinese traders were still experiencing frustration.
"The foreign investors have provided jobs for the youth and contributed to the Development of the Kenyan economy, particularly at a period when we were facing difficult economic times," Cherargei said.
Senators James Lomenen (Turkana), Alexander Mundigi (Embu), Mohammed Faki (Mombasa), Issa Juma (Kwale), Mohammed Chute (Marsabit), and Mumias East MP Peter Salasya stood at his sides.
Faki stated that due to the current global economic crisis, the country could not afford to lose foreign investors who have significantly boosted the economy.
"The economy is in such lousy shape not just in our country but worldwide that we cannot borrow money from other countries. The Mombasa Senator said that it was impossible to be looking for investors on the one hand while driving them away on the other.
The dispute over the operations of China Square, a retail outlet at Kenyatta University's Unicity Mall, has included a Chinese business person and Kenya's Commerce Cabinet Secretary Moses Kuria.
The protracted drama has raised the possibility of a diplomatic dispute between the two nations, which have recently invested in the country.
China Square continued to suspend operations on February 26 due to concerns about public safety.
After hours of mounting drama in response to Moses Kuria, the trade cabinet secretary, making threats of deportation, the store owned by Chinese billionaire Lei Cheng announced the change.
"As a supermarket, we are unable to manage the heavy traffic, which has become a significant concern for the safety of all of our customers. We are arranging more security officers on site," China Square stated.
The supermarket also emphasized the need for adequate infrastructure for payment processing, claiming that this had caused long lineups that had a destructive impact on consumer satisfaction.
Lei has previously rejected calls for him to stop functioning as evil.
Lei argued that his business conforms to all legal requirements.
"My company is legal and focuses on health competitiveness," he proclaimed.
We created our business following all applicable laws and are here to dismantle monopolies."
Lei accused his attackers of trying to continue the exploitation of Kenyan consumers by dishonest businesspeople.
Kuria threatened to deport him and all foreigners involved in retail commerce, branding his Unicity Mall store as a threat to local business owners. He answered despite this.
Following a protest message from a business associate of vendors from Nairobi's busiest markets, Kuria intervened.
According to China, a non-arbitrary and non-discriminatory investment environment is essential to successfully growing bilateral practical cooperation between the two nations.
According to Wu Peng, director-general of the Department at the Foreign Affairs Ministry of African Affairs Affairs of China, Kenya will gain from the partnership, who stated this on Monday.
