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Friday, September 18, 2015

Trade between Kenya and Nigeria on the rise, President Uhuru Kenyatta says

Strong trade ties between Kenya and Nigeria have proved that African countries have the capacity to work together for the benefit of the people of the continent, President Uhuru Kenyatta has said.

President Uhuru Kenyatta on Friday bade farewell to the outgoing High Commissioner of the Federal Republic of Nigeria, Solomon Akintola Oyateru, at State House, Nairobi. Strong trade ties between Kenya and Nigeria have proved that African countries have the capacity to work together for the benefit of the people of the continent, President Uhuru Kenyatta has said. 

The President said Kenya is now trading with many more countries than it has ever done before, adding that increased trade was not just with Nigeria. He cited Zambia, Angola, Tunisia and South Sudan as some of the new African countries that Kenya is trading with. Signing of Joint Commission for Cooperation (JCC) agreements with African countries has enabled Kenya to enhance trade, tourism, education, energy, agriculture and technical cooperation. 

President Kenyatta expressed optimism that increased intra-Africa trade would speed up the continent’s economic growth. “Our relations with Nigeria have shown that we can have homegrown investment solutions that are beneficial to our people,” President Kenyatta said. He was speaking today at State House, Nairobi, where he bade farewell to outgoing Nigerian High Commissioner to Kenya, Amb. Solomon Akintola Oyateru. 

The High Commissioner cited the reciprocal state visits by the Heads of State of Kenya and Nigeria and increased trade as testimonies that bilateral relations between the two countries grew to a new high during his three-year tour of duty. President Kenyatta’s state visit to Nigeria in 2014 witnessed the signing of a number of agreements and Memoranda of Understanding on cooperation in various fields including agriculture, tourism, transport, oil, gas, security, immigration and trade. 

A Joint Business Council – comprising 10 members from each country to coordinate interaction between the business communities of the two countries – was also established during the state visit. In 2014, Kenya’s exports to Nigeria were valued at about Sh 2.4 billion, while the value of imports stood at Sh 698.2 million. The brief farewell ceremony was also attended by Foreign Affairs and International Trade Cabinet Secretary Amina Mohamed and Principal Secretary Karanja Kibicho.

[Standard Media]

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