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Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

Kenya Roots for Fair Trade Partnerships, Says President Kenyatta

Friday, June 06, 2014 > 13:48:40
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(All Africa)


President Uhuru Kenyatta today said Government welcomes strategic partnerships that complement the country's development agenda.


He said technical and investment cooperation based on fair and win-win relationships would guarantee mutual benefit for the parties involved.


The President spoke when he met a delegation of German entrepreneurs led by former German President Horst Kohler who paid him a courtesy call at State House, Nairobi.


He assured that Government will continue to provide a conducive environment to both short and long term investors ready to partner and conduct business in the country.


The President told investors, "We want to partner for appropriate solutions. Rest assured that Government fully supports investments that not only yield returns but also benefit Kenyans."


He noted that partnerships for businesses located in the country and the region will spur economic growth and open up opportunities for Kenyans who flee to foreign countries for greener pastures.


The President stressed the need to delink political cycles from long term investments.


While the country has a five year political cycle, President Kenyatta said, Government ensures that there is stability for continuity of investments and other economic activities in the country.


On regional trade, the President said Kenya, Uganda and Rwanda are working together to improve on infrastructure and reduce the cost of doing business.


President Kenyatta said the three countries were also working together on removal of barriers that deterred free movement of people and goods across the borders.


He said the dream of a united East African Community will only be realized when all bureaucratic obstacles are removed and signed protocols implemented.


"As regional leaders, we meet after every two months to ensure that all protocols and MOUs signed between our countries, are operationalized and not kept on shelves," the President said.


He said containers leaving the port of Mombasa to Kampala, which previously took 21 days, are now taking only four days to reach the destination. Those destined for Kigali take six days from the previous one month.


"The cost of transporting the containers to Kigali from the port of Mombasa has also significantly reduced from $3,500 to $1000. Due to the efficiency, at the port and along the highway, Rwanda saved Ksh. 0.5 billion in the last one year," the President said.


Dr. Kohler said German entrepreneurs are choosing Kenya as their investment destination in the East African region due to its strategic position as the region's economic hub.


He assured the President that through the German entrepreneurs already in the country, awareness in his country on business opportunities in Kenya, the EA region and Africa was on the rise.

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