NAIROBI, Kenya, Apr 17 – The Kenya Private Sector Alliance and The Canada-Africa Chamber of Business have partnered to promote, support, and facilitate bilateral trade and investment opportunities from Canada into Kenya.
The partnership will seek to accelerate Canada-Kenya trade and investment, following the initial discussion last year in Nairobi.
The first engagement will be a virtual trade mission to Kenya from Canada in May.
The 3-year agreement MoU was signed during the Second Session of the Binational Commission meeting between the Governments of Kenya and Canada – and is subject to ongoing renewal.
“This MoU will solidify the existing trade relations between Kenya and Canada and establish strong bonds between the two countries that will go a long way to boost private sector trade and investment. The MOU will also enable us to exchange business information with CACB which is critical especially to our members who wish to expand their coverage to the international market,” said KEPSA CEO Carole Kariuki Karuga.
The Kenya Private Sector Alliance is the apex body of the private sector in Kenya.
The Canada-Africa Chamber of Business is a 27-year old organization committed to accelerating trade, business, and investment between Canada and Africa.
“Nairobi is a vital gateway not just to Kenya and the region, but the continent’s economies of the future in Africa,” President of The Canada-Africa Chamber of Business Garreth Bloor said.
Guided by this MOU, the officials said CACB and KEPSA will work together on a case-by-case basis exploring events together, exchange of business information, and reciprocity members of the Kenya Private Sector Alliance to enjoy the privileges of membership afforded to CACB members.
The partnership will also ensure that KEPSA members are well-positioned in the Canadian market for investment and trade in all sectors and that CACB members are well-positioned in the Kenyan market for investment and trade in all sectors.
“As KEPSA, we remain committed to establishing progressive business and trade partnerships with Canada and other like-minded parties for the mutual benefit of our members as well as those of our CACB counterparts,” Karuga added.