The UAE Trade Centre has officially launched the upcoming Dubai Week in Africa 2021, a unique virtual trade mission designed by the UAE Trade Centre that will take place from February 15th to 18th seeking to build resilient trade relations between the UAE and Kenya.
The launch which took place during a hybrid news press conference held in Nairobi on Thursday, Feb 11 2021 was graced by the presence of Mr. Richard Ngatia- President of Kenya National Chamber of Commerce and Industry (KNCCI), Mr Kiprono Kittony – Chairman Nairobi Securities Exchange alongside Mr Omar Khan – Director Dubai Chamber of Commerce who spoke virtually from Dubai.
“We have come up with an event known as The Dubai Week in Africa which is to be held from the 15th of this month and we have invited various companies from Africa, Kenya and The UAE to connect.” said Mr. Richard Ngatia- President of Kenya National Chamber of Commerce and Industry (KNCCI) during the press conference.
“We want to sell Kenyan business opportunities to investors from The UAE who you’ve heard about, 3 or 4 investors who are controlling about 3 trillion Dirhams (in investments). I have agreed to be part of this event to convince investors to support and partners with us in developing this country,” Mr Ngatia added.
The 4-day online event taking place next week (Monday – Thursday) will include panel discussions on vibrant business segments like Export and Trade, Free zone & Investment, E- Commerce and Islamic Economy.
Speakers from The UAE who have confirmed attendance include (to name a few) are His Excellency Dr, Thani Al Zeyoudi, Minister of State for Foreign Trade- UAE, His Excellency Sultan Ahmed bin Sulayem -Group Chairman/ CEO DP WORLD, Mr Moshen Ahmad – CEO Logistics District Dubai South.
“We are very excited about this and the focused, in-depth approach where we get to dissect multiple economies with our partners and get into very specific sectors on how we can engineer bilateral growth during these very difficult times where more and more people are looking at The African continent,” said Mr Omar Khan, Director of The Dubai Chamber of Commerce who spoke virtually from Dubai.
“The Kenyan Capital Markets and particularly The Nairobi Securities Exchange which has tradeable securities, equities and bonds worth over 53 billion U.S dollar is a very attractive proposition to the investors in Dubai. We do currently have a memorandum of understanding between the Nairobi securities exchange and NASDAQ Dubai and we will use such platform to deepen the collaboration,” Mr Kiprono Kittony – Chairman Nairobi Securities Exchange told the press conference.
“For me this is an exciting moment…E-conferences such as the Dubai Week in Africa is not the new normal but the ‘now–normal’, this is the way that business will be transacted in the globe,” said Mr Kiprono Kittony – Chairman Nairobi Securities Exchange.
This event is part of a continuing relationship between Kenya and The United Arab Emirates, building on implementation of past agreements despite the current global COVID-19 pandemic.
“It is commendable that the memorandum of understanding that we signed between Dubai Consulting (now the UAE Trade Center) and the Kenya Chamber of Commerce in 2016 in this very venue has led to the kind of collaboration that we are seeing today,” explained Mr Kiprono Kittony – Chairman Nairobi Securities Exchange.
“Despite COVID putting a standstill on a lot of trade and business activity, we are trying to push, and build opportunities between the two countries and we will not allow COVID to punch us without us punching back,” said Mr Walid Hareb, CEO of UAE Trade Center.
“This event is the first of other future events that will focus on other parts of Africa, but we felt that Kenya is one of the closets partners to Dubai and we decided to kick start this initiative out of Kenya,” explained Mr Walid Hareb.
Next week’s event will feature high level officials from Kenya’s Government and business community such as, Honourable Betty Maina, Cabinet Secretary- Ministry of Industrialization, Trade and Enterprise Development Government of Kenya, Honourable Joseph Mucheru – Cabinet Secretary Ministry of ICT, Innovation and Youth Affairs, Republic of Kenya, Honourable Lawrence Macharia Karanja – Chief Administrative Secretary Kenya Ministry of Industrialization, Trade & Enterprise, Mr Jaswinder Bedi, Chairman, Kenya Export Promotion & Branding Agency.
The event is open to the public and participants are urgently encouraged to register and share the link for this special event: http://www.dubaiweekinafrica.com/