Next week, 19 U.S. business executives will discover for themselves the investment climate and opportunties in the Republic of Kenya when they leave on an investment mission there sponsored by the Overseas Private Investment Corp. (OPIC).
The mission, which leaves Oct. 7 and returns Oct. 16, will be headed by OPIC president J. Bruce Llewellyn and John P. Mbogua, Kenya's ambassador to the United States.
The American executives will meet with heads of state (including Kenya's president Daniel Teroitich arap Moi), key government ministers and U.S. embassy personnel to gain information and insights into the economic and political outlook. Meetings with local business leaders have been organized in an effort to encourage joint business ventures.
This will be the 11th such mission organized by OPIC, a government agency supported by the State Department. OPIC conducts three of four investment missions each year. Previous trips have taken U.S. business people to the Middle East, Central America, West Africa, South America, Southeast Asia, the Sudan, Southern Europe, Honduras, the Dominican Republic and Sri Lanka.
"The Kenyan mission will be a cost-effective way to identify and analyze business opportunities in a region with tremendous growth potential," Llewelyn said. The 10-day trip costs $4,000 per person.
"Based on our experience with previous missions," Llewellyn continued, "we have found that businessmen consider this opportunity for first-hand contact and the exchange of ideas by far the most effective means for assessing international market opportunities."
The 19 companies represented come from 10 states and include Chemtex, First National Bank of Boston, H.J. Heinz, Irving Trust Co., and Union Oil of California.