The Kenyan-Hungarian Business Forum, hosted by KNCCI at the Serena Hotel in Nairobi on 27th March 2024, convened 64 Kenyan businesses and 13 Hungarian businesses across the Agricultural, ICT, Aviation, Banking, Drone, and Water industries.

Dr. Erick Rutto, the KNCCI President, extended a warm welcome to the Hungarian delegation to Kenya, affirming KNCCI’s dedication to fostering business intelligence networks in Kenya and the region, along with facilitating beneficial partnerships within the private sector. He acknowledged the challenges in the export market and highlighted ongoing efforts to streamline trade between Hungary and Kenya.

Subsequently, the PSs of Water, Trade, and Blue Economy, alongside CS Mining, the Hungarian Ambassador, and Minister of Foreign Affairs and Trade, Peter Szijjarto, attended the event. The PS Water announced the signing of an agreement between Kenya and Hungary to expand the Ahero Irrigation Scheme, aiming to enhance food security, economic growth, and operational cost savings.

The CS Mining, H.E Salim Mvurya, expressed gratitude to the Hungarian government for collaborating on the Ahero project, emphasizing its potential to bolster aquaculture and generate employment. He reiterated the ministry’s commitment to partnering with the private sector on trade and investment initiatives.

The Hungarian Minister of Foreign Affairs and Trade, Péter Szijjártó as the chief guest recognized the mutual respect between Hungary and Kenya, highlighting plans to modernize aquaculture and support Kenya’s nuclear energy development by offering training and equipment to Kenyan nuclear engineers. Additionally, he outlined intentions to finalize mutual investment protection agreements and explore avenues to mitigate double taxation through a legal framework.

The Forum concluded with the signing of agreements on Research, Development, and Academic Cooperation between the Hungarian University of Agriculture and Live Sciences and Dedan Kimathi University of Technology, the Hungarian University of Agriculture and Live Sciences and Jomo Kenyatta University of Science and Technology, and the Hungarian University of Agriculture and Live Sciences and  Hunagro Consult Ltd.