Chinese multinationals are set to pump nearly Sh20 billion into vehicle assembly and cement plants in Kenya, according to a report by local paper, The Standard.

Their long-term objective is to capture the East African community market, which has a combined population of 130 million people and an estimated $41-billion gross domestic product.

'China is filling an investment market that is undefended. They are looking for first mover advantage, once they start making cars, other firms will play catch up,' says Dr XN Iraki, the MBA programme co-coordinator at the University of Nairobi.

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