This morning the Chamber Vice President Mr. Mustafa Ramadhan hosted the Malaysia High Commissioner H.E Mr. Ruzaimi Mohammad to discuss and deliberate on the upcoming Malaysian Palm Oil Forum 2023 .
The Malaysian Palm Oil Forum East Africa 2023, is scheduled to take place from 4th of July ,2023 at Villa Rosa Kempinski Nairobi and will take place in form of Business to business and exhibition targeting oils & fats industry key players in East Africa region.
During the meeting, the Chamber Vice President emphasized the need to increase exports from Kenya to Malaysia, despite Kenya being the leading trade partner and a major export destination of Malaysian products within the East African Community.
In 2021, Kenya’s total exports to Malaysia amounted to US$16.77 million, while imports from Malaysia were valued at US$855.10 million. The major exports from Kenya to Malaysia included titanium ores, tea, processed food, textile articles, tobacco products, vegetables, fruits, and nuts. On the other hand, Kenya imported palm oil, chemicals and chemical products, rubber-based products, telecommunications equipment, electronic and electrical goods, industrial machinery, and furniture from Malaysia.
The Malaysia High Commissioner expressed appreciation for the support received from KNCCI since the beginning of his term in February 2023. He highlighted the Memorandum of Understanding (MoU) between the Kenya National Chamber of Commerce and Industry (KNCCI) and the Kuala Lumpur & Selangor Indian Chamber Of Commerce & Industry as a positive development that would benefit the business community by enhancing market linkages and networks between the two countries
The forum will provide a unique opportunity for buyers in the sector to interact directly with Malaysian palm oil suppliers and to foster relationships, leading to increased business opportunities for all stakeholders involved.