Kenya, Iran sign cooperation pact

August 20, 2014
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There is increase in the volume of tea exported from Kenya to Iran from 2m Kgs to over 10m kgs over the last 5 years/CFM
There is increase in the volume of tea exported from Kenya to Iran from 2m Kgs to over 10m kgs over the last 5 years/CFM
NAIROBI, Kenya Aug 20 – Kenya and Iran have signed a Memorandum of Understanding (MoU) on Economic, Scientific and Technical cooperation during the 6th Joint Economic Cooperation held in Tehran.

Foreign Affairs Cabinet Secretary Amina Mohamed says the two countries have also signed MoUs on energy and oil, agriculture, transport and infrastructure, water, irrigation, housing and health.

She has urged entrepreneurs to take advantage of signed MoUs to invest in Kenya and invited the Iranian government and private sector to explore trade opportunities within the Kenya Medium Term Plan.

“There are unfolding investments opportunities in the energy sector in Kenya following the discovery of oil and gas reserves in the recent past. We are expanding bilateral engagement to increase investments and widen the range of opportunities available to Kenyans,” she said.

She said that there is need to re-establish direct flights between Nairobi and Tehran to facilitate commercial exchanges.

“The trade balance between Kenya and Iran favours Iran and the gap can be bridged through increased Iranian imports from Kenya. There is increase in the volume of tea exported from Kenya to Iran from two million kilograms to over 10 million kilos over the last five years,” she said.

The Fifth Joint Economic Commission of Iran and Kenya was held in the year 2009 in Nairobi, surveying the possible fields of comprehensive bilateral cooperation.

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