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Sunday, August 20, 2017

KAM signs MoU to scout for new markets

KAM chief executive Phyllis Wakiaga during a forum on budget policy statement 2016 in Nairobi on February25. Photo/Enos Teche.
KAM chief executive Phyllis Wakiaga during a forum on budget policy statement 2016 in Nairobi on February25. Photo/Enos Teche.

Kenya Association of Manufacturers has signed a Memorandum of Understanding with a regional trade agency to promote trade and investment for expansion of markets for local goods.

The manufacturers lobby group signed the MoU with USAID-funded East Africa Trade And Investment Hub to aid in the efforts to support policy reform activities and expansion of trading avenues especially under the African Growth and Opportunity Act.

“AGOA offers great opportunities for our local businesses especially the SMEs. It is essential we build their capacity to enable them leverage this partnership to realise financial sustainability for their businesses," said KAM chief executive Phyllis Wakiaga.

"Beyond this we are also looking to diversify our exports through this partnership and increase competitiveness of various agricultural value chains.”

Following the MoU signing, KAM will be organising and hosting trade delegations, policy and investment promotion activities that will attract investment in the mutual priority sectors which include textile and garment, leather and leather products, agro processing, horticulture, ICT and cotton.


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