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Six Kenyan firms to woo German investors in Berlin

An investment forum in Nairobi. FILE PHOTO | NMG
An investment forum in Nairobi. FILE PHOTO | NMG 

Six Kenyan executives are set for a seven-day pitching to German investors looking for opportunities across Africa.

Delegation of German Industry and Commerce (AHK) country director Maren Diale-Schellschmidt said the six companies selected from a list of 80 will participate in this year’s Start.up! to be held in Berlin, Hamburg and the Ruhr area between October 14 to October 21.

“We are excited for Kenyan companies to participate in that international event where they will meet potential customers and investors as well as learn how to address the German market,” Diale-Schellschmidt said.

The firms include Africatrack, locally involved in installation of motor vehicle dashcams, alcohol breathalysers and remotely controlled car immobilisers.

Also in the trip is the text-based deferred product purchase firm Flexitech Group that helps Kenyans pay for goods in instalments.

Efficient energy stoves-maker Genexe Engineering, waste plastics recycler Mega Gas and Smart weighing machine reseller Micro-cap Holdings have also confirmed participation in the event.

Micro-cap machine hosts a smart electronic gadget linked to an online APP that sends a text message to a dairy farmer indicating milk weighed and the price of each delivery.

Also selected is Usalama Tech Group Ltd, which uses real-time location data and an integrated web based response to link victims of emergencies to rescue services. The event, organised jointly by Tech Entrepreneurship Initiative Make-IT in Africa (GIZ) and the Association of German Chambers of Industry and Commerce (DIHK(), has attracted 46 participating startups from 16 countries.