Kenya trade week attracts investors and traders

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Cabinet Secretary for Industry, Trade and Cooperatives Adan Mohamed addressing listeners during the Kenya Trade Week launch
Cabinet Secretary for Industry, Trade and Cooperatives Adan Mohamed addressing listeners during the Kenya Trade Week launch

The Kenya trade week has officially kicked off in Nairobi with various investors from East Africa and beyond. The Trade week has opened with investors showcasing their products, calling upon all small or medium sized business owners, formal and informal owners and both corporate to join in the trade fair.

The whole business affair under the theme transforming Kenya into a competitive–led efficient domestic economy aims at boosting and promoting economic growth for the nation.

Cabinet Secretary in the Ministry of Industry, Trade and Co-operatives Adan Mohamed has said that the National Export Strategy is being developed with an aim of increasing the country’s exports earnings by 15% from current 8.1%.

The Kenya Ports Authority (KPA) has so far expanded yards and berths to handle more cargo, its ICT system has as well been revamped for faster document processing in business.

Through the Standard gauge railway, the Kenya Ports Authority intends to transform the nation into an export-led efficient economy.

“We strongly believe that the SGR construction is a game changer in the transport sector once it starts operating optimally,” said a representative from the Kenya Ports Authority.

Kenya has signed agreements with other stakeholders to allow her products to continue accessing the EU market duty-free as a way of ensuring favourable balance of trade for Kenya on value addition and renegotiation of terms of trade.