The Department for International Trade- London, The Ministry of EAC &Regional Development Kenya and The Ministry of Industrialization, Trade & Enterprise Development have jointly organized a 5-day roadshow in London from 21st March to 25th March,2022.
The event was opened officially by The Cabinet Secretary, Hon. Betty C. Maina, EGH at the Holiday Inn- London-Regent’s Park. In her welcoming remarks, she stated that Kenya has made very crucial, strategic steps in creating an investor friendly environment and remains the best destination in terms of ‘Ease of Doing Business Climate’
The Chamber President Mr. Richard Ngatia on behalf of the private sector under Kenya National Chamber of Commerce & Industry (KNCCI) made his key remarks where he stated that KNCCI was present to represent the interests of the Kenya business community. Through KNCCI’s mandate of trade promotion and economic diplomacy, the Chamber prides in linking Kenyan businesses with trade information, opportunities and markets.
Chamber’s presence in the forum conveyed a ray of hope and expectation to over 40,000+ members who are very keen on exploring new overseas markets, following the economic devastation of value chains during the covid-19 pandemic.
He acknowledged the relationship between Kenya and London where both countries enjoy extensive bilateral collaboration in trade and investments, tourism, education, healthcare, labor exchange, military and climate action. Top Exports from Kenya to UK include;Tea, coffee and spices, vegetables and cut flowers where as top imports from UK to Kenya include; Vehicles, machinery, Pharmaceuticals, Electrical supplies.
He assured the London business community of Kenya being a favorable investment destination presenting the numerous advantages being a competitive and innovative economy; liberalized markets. Resilient business community and emerging middle class, skillful and competitive workforce, adequate infrastructural facilities and accessible internet, well-developed banking and financial sector, a ready market for fast-moving consumer goods, government open policy and political stability.
KNCCI pledges to support for both Governments to improve the overall business climate for investors. The Chamber will also work closely with the London Chamber of Commerce to facilitate information collection on UK markets and export requirements as well as trade opportunities to disseminate to the Kenya business community. He encouraged the business community to utilize the platforms presented in this trade visit to create a beneficial business network that will potentially give rise to new trade partnerships.