Kenya, EU to develop platform to enhance market access
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- Published on Saturday, 17 May 2014 05:22
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Kenya and the European Union (EU) will develop a bilateral platform to address challenges that Kenyan products face in accessing the EU market, a Kenyan government official said on Thursday.
Foreign Affairs Principal Secretary Karanja Kibicho told journalists in Nairobi that EU has from repeatedly introduced stringent sanitary and phytosanitary (SPS) measures which constitute a handicap for Kenyan exporters.
"The creation of a bilateral dialogue will ensure fairness as well as a level playing field," Kibicho said during the EU-Kenya Trade and Investment Forum in a speech read on his behalf by head of Political and Diplomatic Secretary Robert Ngesu.
The platform is expected to be operational once the East Africa Community and EU sign an EPA. Kibicho added that current trade relations between Kenya and EU are based on the interim Framework Economic Partnership Agreement.
"The framework allows for duty free entry of products from Kenya into EU," he said.
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Uhuru calls for increased Kenya-Nigeria trade
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- Published on Saturday, 17 May 2014 04:48
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President Kenyatta spoke when he officially closed a one-day business forum hosted by President Goodluck Jonathan at State House, Abuja. The forum brought together leading Kenyan and Nigerian businesspeople to explore ways of deepening their cooperation.
The occasion saw the signing and launching of the Kenya-Nigeria Trade and Investment Council which will be co-chaired by Equity Bank’s James Mwangi on the Kenyan side and Aliko Dangote of the Dangote Group on the Nigerian side. The council has the responsibility of boosting trade between the two countries.
Noting the unfulfilled trade potential between Kenya and Nigeria, the President underscored his Government’s desire to enhance trade and investment flows between the two countries.
“One main aim of my visit here, therefore, is to further build and strengthen the foundation that we have put in place for robust economic and commercial relations between the people of Kenya and the people of Nigeria,” the President said.
Kenya: Kakamega Plan to Lift Up Contractors
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- Published on Saturday, 17 May 2014 04:38
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The Kakamega government will assist contractors who do not have funds to get money from banks to fulfil their contract agreement.
Governor Wycliffe Oparanya asked contractors who have financial difficulties to write officially to the county government requesting for support.
"The county government will write letters of undertaking to banks so that they can finance the contractors as a way of capacity building for the local contractors," he said.
Oparanya said it would be unfair for local contractors to be locked out of county jobs because of lack of adequate funds.
He was speaking in his chambers during a quarterly meeting between contractors and the county government on Tuesday afternoon.
Oparanya said the second phase of road tenders will be awarded this week.
He said contractors who won tenders in the first phase will not be awarded new ones in the second phase.
India As Trading Partner Is Largest Exporter To Kenya
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- Published on Saturday, 17 May 2014 04:17
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India is the largest importer and exporter through the Port of Mombasa.
In welcoming Indian High Commissioner to Kenya H.E Yogeshwar Varma on his official visit to Mombasa, KPA chairman Danson Mungatana observed:
"In 2013 Kenya Export to India through the Port of Mombasa stood at 304,000 tonnes while imports from India stood at 4.1 million tonnes.
"The statistics reflects how significant India is to the Port of Mombasa although the trade balance is not in Kenya’s favour.
"This is a wakeup call to Kenyan manufacturers to explore and export more to this second largest most populace nation in the world."
The Indian High Commissioner to Kenya was accompanied by his Deputy Sushil Singhal and Defense Adviser Caption (NI) Nitin Kapoor.
India and Kenya have been experiencing growing trade and commercial ties over the years.
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