This morning the Moroccan Ambassador to Kenya H.E Abderrazzak Laassel paid a courtesy visit to KNCCI. He was received by KNCCI Directors Mr. Muchiri Mungai in charge of youth affairs, Regional Director, North Eastern Mr. Omarsadik Dahiye and KNCCI Management team. The purpose of the visit was to establish a rapport and mutual relationship between KNCCI and the Embassy.
Over the past two decades, trade between Morocco and Kenya has increased by over 123 times. In 1998 the value of bilateral trade stood at USD 170,000. Exports value as at 2020 was USD 4.42 million whereas imports value at USD 20.70 million.
The Key exports to Morocco include; coconut, jute, packaging materials, titanium ores, tea, fruits and paper board. The key imports from Morocco include minerals, chemical fertilizers, medicaments, polyacetals, petroleum oils and woven fabrics.
The Ambassador has encouraged Kenya to cooperate with Morocco and work on improving bilateral relations. Morocco and Kenya share several similarities that would allow them to push their cooperation to the next level.
Mr. Muchiri in his remarks stated that it would be ideal to form a Kenya -Morocco Joint Business Council (JBC) to enhance the cooperation and also facilitate and promote trade and investment between the two countries.
Mr. Omarsadik emphasized on the need for Kenya and Morocco to work jointly on the Africa Free Trade Area Agreement and share experiences on Free Trade agreements.
The Chief Operating Officer Mr. Patrick Nyangweso in his remarks stated that it is very important to expand Kenya’s export base to boost economic stability.
The Business Development Manager Ms. Virginia Waruingi stated that both Kenya and Morocco were among the first hubs were announced in to take up the Centre of Entrepreneurship (CoE) to inspire innovation and improve the business environment for entrepreneurs and small- and medium-sized enterprises (SMEs) in Africa.
KNCCI is ready to work with the Embassy of the Kingdom of Morocco to enhance bilateral relations between the two countries.