Strengthening Bilateral Relations: Kenya and Egypt Forge Strategic Business Partnership
Egypt and Kenya are strengthening their bilateral relations and exploring various business opportunities. The Egyptian market has shown interest in Kenya's tea, and negotiations are underway to finalize an agreement that would allow the purchase of tea in Kenya shillings instead of dollars. Additionally, there are plans to establish a market for Kenya's value-added tea. This development is expected to benefit Kenyan farmers.
Recently, the Egyptian Ambassador to Kenya, HE Wael Nasreldian Attiya, visited the Kenyan official's office for a courtesy call. During the meeting, they discussed several areas of mutual interest between the two countries and identified key areas that need to be finalized before the official visit of President Abel El-sisi of Egypt to Kenya later in the year.
In light of Kenya's current sugar deficit, an agreement has been reached to import sugar from Egypt while simultaneously working on improving local sugar production. Furthermore, both countries have agreed to organize a large-scale Kenya-Egypt business convention, aiming to foster trade and explore additional business opportunities.
Kenya also seeks to learn from Egypt's tourism industry to enhance its own tourism sector. By leveraging the experiences and practices of their Egyptian counterparts, Kenya hopes to tap into numerous benefits for its tourism industry.
Overall, these developments reflect the growing importance of Egypt as a strategic business partner for Kenya, with both countries actively working to strengthen their ties and boost economic cooperation.