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Egypt and Kenya Strengthen Trade Ties, Eye Increased Investment Opportunities

Kehinde Giwa by Kehinde Giwa
December 25, 2024
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Egypt and Kenya Strengthen Trade Ties, Eye Increased Investment Opportunities
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Egyptian Ambassador to Kenya, Wael Nasr el-Din Attia, met with Kenya’s Cabinet Secretary for Investments, Moses Kuria, on Wednesday to discuss strategies for enhancing bilateral trade and fostering stronger business ties between the two nations.

The meeting also focused on reviving the activities of the Joint Trade Technical Committee to address trade-related challenges and opportunities effectively.

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Kuria highlighted the steady growth in trade between Egypt and Kenya, noting Egypt’s increasing imports of Kenyan tea and its exports of textiles and construction materials.

He emphasized the advantages of the COMESA trade exemptions, which have significantly facilitated cross-border trade.

The Kenyan Cabinet Secretary expressed optimism about attracting more Egyptian investors, pointing out Kenya’s attractive incentives for industrial projects.

On his part, Ambassador Attia reaffirmed Egypt’s dedication to strengthening trade relations with Kenya, recognizing the country as a vital regional hub. He added that Egypt’s private sector is keen on exploring investment opportunities in key sectors such as construction, transport, and energy.

Attia further described Kenya as one of the most promising markets in East Africa, highlighting the potential for deeper economic collaboration between the two countries.

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