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Browsing: Kenya-UAE relations
- Abu Dhabi is gearing up to invest in Kenya’s critical sectors including ports, logistics, agriculture and energy.
- President William Ruto says the landmark deal will more than triple Kenya’s exports of meat products, fruits, vegetables, cut flowers, tea and coffee to the UAE.
- Agreement also targets the services sector with Kenyan providers in education, transport, construction, and engineering now poised to have a better access to opportunities in the UAE.
Kenya-UAE economic relations are set to enter a new phase following the signing of a deal by authorities in the United Arab Emirates to invest heavily in the East African country’s critical industries including ports, logistics, agriculture and energy.
The agreement, dubbed Kenya-UAE Comprehensive Economic Partnership Agreement (CEPA), is set to redefine trade, investment, and economic partnerships between the two countries. CEPA is part of the Gulf nation’s initiative to step up its foreign investment portfolio, a program that saw …