INVESTMENT

Kenya, South Korea ink deal to boost trade

Ruto said Kenya has created an enabling environment to attract investors

In Summary
  • The organisations agreed to prioritise investments that will fast track the realisation of the United Nations 2030 Agenda for Sustainable Development.
  • President William Ruto welcomed the country's business community to invest in major projects in transport, infrastructure, agriculture, health and ICT in Kenya.
Kenya National Chamber of Commerce and Industry president Richard Ngatia with South Korean official during the signing of the trade and investment deal on Wednesday, November 23.
PARTNERSHIPS: Kenya National Chamber of Commerce and Industry president Richard Ngatia with South Korean official during the signing of the trade and investment deal on Wednesday, November 23.
Image: HANDOUT

Kenya and South Korea business organisations have signed a partnership agreement to fast track trade and investment.

The deal was signed by the Kenya National Chamber of Commerce and Industry, the Korea Institute of Procurement and South Korea's SDG Youth.

The organisations agreed to prioritise investments that will fast track the realisation of the United Nations 2030 Agenda for Sustainable Development.

Kenya National Chamber of Commerce and Industry president Richard Ngatia during the signing of the trade and investment deal on Wednesday, November 23.
ECONOMIC TIES: Kenya National Chamber of Commerce and Industry president Richard Ngatia during the signing of the trade and investment deal on Wednesday, November 23.
Image: HANDOUT

"We have agreed to pursue development-oriented policies that support job creation, entrepreneurship, creativity, innovation and encourage the growth of Micro, Small and Medium Enterprises," the statement read. 

The agreement also seeks to promote effective Public-Private Partnerships and address youth unemployment.

Kenya and South Korean officials during the signing of the trade and investment deal on Wednesday, November 23.
JOB OPPORTUNITIES: Kenya and South Korean officials during the signing of the trade and investment deal on Wednesday, November 23.
Image: HANDOUT

President William Ruto welcomed the country's business community to invest in major projects in transport, infrastructure, agriculture, health and ICT in Kenya.

He spoke on Wednesday in Seoul, South Korea during a business forum.

"Kenya has created an enabling environment to attract investors. We have tremendous human talent, you can get any skill you need," Ruto said. 

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