(Ecofin Agency) - The Kenya Private Sector Alliance and The Canada-Africa Chamber of Business announce a Memorandum of Association with the aim to promote, support and facilitate bilateral trade and investment opportunities from Canada into Kenya.
The Second Session of the Binational Commission meeting between Kenya and Canada is being held in Nairobi, Kenya from the 13th to the 15th of April 2021. Subject to renewal, the session saw the signing of a three-year agreement Memorandum of Association.
‘Nairobi is a vital gateway not just to Kenya and the region, but the continent’s economies of the future in Africa,’ Said Garreth Bloor, President of the Canada-Africa Chamber of Business.
According to last year’s Canada-Kenya fact sheet: Bilateral Product Tarde and Investment; Canada exports to Kenya during 2020, stood at about CAD $102 million while imports to Canada from Kenya, stood at CD $ 29 million reflecting a slide drop from the previous year.
Despite the downturn of most economies as a result of the novel corona virus, Canada continues to established good trade relationship with Kenya. This collaboration is a step for Kenya moving into a significant economic recovery as well as aligning to the Vision 2030 agenda.