14 December 2019 03:40 PM

Sisi sends message to Kenyan president on boosting joint cooperation

Friday، 19 July 2019 - 10:19 AM

President Abdel Fattah El Sisi has sent a message to Kenyan President Uhuru Kenyata in which he described Kenya as one of Egypt's most important partners in Africa and asserted the distinguished relations and strength of bonds between the two countries.

The message which reflected keenness on boosting relations between Egypt and Kenya in all domains to achieve prosperity for their peoples, was delivered to Kenyata by Minister of Trade and Industry Amr Nassar during his visit to Kenya to attend the Source 21 Common Market for Eastern and Southern Africa (COMESA) International Trade Fair and High – Level Business Summit, according to a press release by the Ministry of Trade and Industry on Thursday.

The Kenya-hosted event, running from July 15 to 21, under the theme “The Hallmark of Quality” brings together policymakers and the private sector from the 21 COMESA member states who are the drivers of trade and economic development, to deliberate on how to promote and advance cross border trade amongst the representative states.

Nassar held intensive meetings on the sidelines of summit with a number of African ministers and senior officials including Kenyan Minister of Trade and Industry Peter Munya.

Nassar said his meeting with the Kenyan trade minister asserted keenness of the leaderships in the two countries to promote trade and economic relations as part of COMESA and the support to the three African economic blocs i.e., the Common Market for Eastern and Southern Africa (COMESA), the Southern African Development Community (SADC), and The East African Community (EAC).

He said the meeting also tackled setting a date for the convocation of the Egyptian-Kenyan joint committee this year as well as the activation of the resolutions of the Egyptian-Kenyan businessmen council which met in 2017.

The minister asserted the importance of increasing joint investments to achieve the aspirations of the two peoples as the Egyptian investments in Kenya occupy the 24th position among countries investing in the east African country as they amounted to 36.6 million dollars while Kenyan investments in Egypt occupy the 80th position among foreign countries investing in Egypt and stand at 7.7 million dollars invested by 22 companies.

He said the volume of trade between Egypt and Kenya amounted to 640 million dollars in 2018 against 553 in 2017 with a 15.7 percent rise.

Minister Nassar stressed the importance of joint cooperation between Egypt and Kenya in the industrial domains especially in agricultural and animal industry in addition to meat, leather and juice industries.

For his part, the Kenyan Minister said that his country attaches great importance to promoting economic relations with Egypt during the coming phase, calling for pursuing cooperation in the fields of investment, trade and industry.

Nassar also met with Tunisian trade minister Omar El-Bah on the sidelines of the conference and discussed with him relations and stressed the importance of establishing a council for investment cooperation involving businessmen and investors from the two countries in a number of sectors including oil exploration and tourism.

The two ministers asserted the importance of increasing trade exchange between the two countries and eliminating obstacles hindering the movement of commodities and products.

The trade exchange between Egypt and COMESA members states amounted $2.310 billion in 2018 against $1.640 million in 2017.

MENA

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