In a bid to improve on the trade relations and business, The Kenya National Chamber of Commerce & Industry (KNCCI) signed a Memorandum Of Understanding (MoU) with the Mozambique Chamber of Commerce & Industry ( CCM ) during a two- day state visit that took place on the 10th to 11th August,2023 in Maputo Mozambique.

The MoU was signed by the Chamber President Dr. Erick Rutto and Mozambique Chamber President Mr. Alvaro Juliao Massingue.

Chambers of Commerce work together, at various levels to bring about numerous benefits that contribute to economic growth, business development, and overall cooperation.

The Memorandum of Understanding between the two Chambers of commerce aims to;

  • Stimulate trade and investment, as well as the cooperation between the associate members of the Chambers of Commerce in Kenya and Mozambique
  • Exchange of information, research and business publications, economic, investment opportunities, trade issues including developments in their commercial legislation which might affect trade relations and that are in the interest of the parties.
  • Encourage the possibilities within traditional forms and not-traditional business as bilateral trade, cooperation in production, joint venture, among others.
  • Exchange of information on trade fairs , national and international specialized exhibitions, taking place in Kenya and Mozambique, as well as provide greater cooperation and technical support within its means to promote the participation of their undertakings and entities in these events.
  • The parties undertake to promote the exchange of business and trade missions between Kenya and Mozambique and will provide assistance, and ensuring that letters of introduction from one party to the other are also honored;
  • Publishing the commercial opportunities which are received from the other party in their monthly bulletin for their member´s interest will facilitate their markets penetration in both countries.

Both the Chambers of Commerce gave their commitment to promote business between the two countries that will boost and monitor the evolution of economic trade and investment cooperation, including trade facilitation issues.