Trade and Investments Cabinet Secretary Moses Kuria has responded after China Square Limited announced a temporary shut down to allow the owners to re-evaluate its strategy.
In an update via Twitter on Sunday, February 26, CS Kuria stated that he wants nothing short of a win-win solution between the China Square owners and the local traders.
“We need nothing short of a win-win solution,” Kuria tweeted.
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China Square through a statement on Saturday, February 25, announced it would close the business temporarily following claims that it had driven Kenyan traders out of business with lowly priced goods.
"This decision has been made to allow us to re-evaluate and replan our company strategy, in order to better serve our customers and meet their needs. We are also considering the possibility of cooperating with local traders to enhance our offerings and better integrate with the community.
"We apologise for any inconvenience this may cause and hope that you will understand our need to take this action," China Square announced.
CS Kuria on Friday, February 24 asked Kenyatta University Vice Chancellor Paul Wainaina to consider leasing the China Square space to local traders.
“I have today given an offer to Prof. Wainaina the VC Kenyatta University to buy out the lease for China Square, Unicity Mall and hand it over to the Gikomba, Nyamakima, Muthurwa and Eastleigh Traders Association. We welcome Chinese investors to Kenya as manufacturers, not traders,” Kuria stated.
