[23rd April 2012]

SUCCESSFUL VISIT TO KENYA BY THE PRESIDENT OF TOYOTA TSUSHO

Toyota Tsusho Corporation underscores Japans' keenness to deepen trade and investment ties with Kenya.

President Mwai Kibaki meets with the Chief Executive officer of Toyota Tsusho Corporation of Japan Mr Jun Karube who called on him at Harambee House

Mr. Jun Karube, President, Toyota Tsusho Corporation visited Kenya from 12th to 14th April as part of his African tour. During his visit, Mr. Karube inter alia held meetings with the Kenya's political leadership as well as private sector executives. In his meeting with His Excellency Hon. Mwai Kibaki, the President of Kenya, the latter thanked Japanese motor vehicle manufacturer, Toyota, for identifying Kenya as the centre for their quest to deepen their investment and trading ties in the Eastern Africa region.

President Kibaki noted that such a deepened engagement between Kenya and Toyota was welcome as it would facilitate transfer of technology.

The President noted that such expanded relations would further serve as an impetus for attracting foreign direct investments into the country.

The Head of State made the remarks at his Harambee House Office when he held discussions with Mr Jun Karube, President and Chief Executive Officer of Toyota Tsusho Corporation, who paid a courtesy call.

President Kibaki also welcomed the company's intention of expanding her core business by opening new branches in Westlands, Thika and Karen.

On his part, Mr. Karube briefed the President on the activities of the company which he said operated in the six continents in a global network covering over 60 countries.

The company plans to establish a regional headquarters to run a central vehicle logistics and parts distribution as well have an expanded local assembly facility to cover 13 East African and Horn of Africa countries.

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