KENYA, BOTSWANA SIGN MOU TO BOOST BILATERAL TRADE

| November 8, 2016

Kenya and Botswana have signed a Memorandum of Understanding (MoU) to build their trade and investment partnerships in agriculture, agri-business, information communication technology (ICT), horticulture and manufacturing.

Speaking during the Kenyan-Botswana Forum here Monday, Kenyan Cabinet Secretary (Minister) for Industry, Trade and Co-operatives Adan Mohamed said Kenya had been proactive in efforts to improve relations between the two nations to capitalise on business and investment opportunities for their mutual benefit.

"We are excited at the signing of this Memorandum of Understanding as a show of commitment to strengthen our trade and investment relationship with Botswana as we seek to leverage our competitive advantages in diverse industries for our mutual benefit," he added.

"We have had productive trade connections in the past and the forum today will further that bond as we expand our portfolio of commodities to develop and diversify our economic capacity."

Following President Uhuru Kenyatta's visit to Gaborone to attend the Botswana-Kenya Business Forum in June this year and the subsequent visit by Botswana's President Ian khama to Kenya in the same month, both countries had increased their joint efforts to create an enabling platform for increased partnerships for companies from both nations to conduct business.

Source: NAM NEWS NETWORK.

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Category: Business & Finance

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