The Kenya-UK Market Access Roadshow commenced with a B2G forum themed ‘Doing Business in Kenya.’ The forum was attended by dignitaries from the Government, Private Sector, Chambers of Commerce, and Diplomatic Corps, and was graced by Trade Ministers from both Kenya and the UK. The trade tour will cover the cities of London, Scotland and Manchester.
Addressing the forum on behalf of the Kenya Private Sector, KNCCI President Mr. Richard Ngatia assured the London business counterparts that Kenya is a favorable investment destination with numerous strategic and geographical advantages. He invited investors in key sectors including Agriculture (value addition, machinery, logistics and new export markets), Digital Economy (Telemedicine, Cyber Security, Blockchain technology, Artificial Intelligence & digitization of Kenyan startups), Renewable Energy, Development of Industrial Parks and Special Economic Zones (manufacturing, textiles, leather and automobile assembling initiatives) and human resource development programmes through TVET and education exchange.
To reduce cost of trade and optimize market access in both countries, Mr. Ngatia called for a reduction of tariff and non-tariff barriers for trade in goods and streamlining of regulatory barriers for services exchange.
Top Exports from Kenya to UK are Tea, coffee, spices, vegetables and cut flowers. On the other hand, Kenya majorly imports vehicles, machinery, pharmaceuticals and electrical supplies from the UK.
KNCCI will work closely with the Chambers of Commerce in UK to facilitate information collection on markets, export requirements, and trade opportunities to disseminate to the business community in both countries.
