Kenya committed to increasing trade volumes with Mozambique
- Published By Jedida Barasa For The Statesman Digital
- 1 year ago
President William Ruto has said the Government is committed to increasing trade volumes with Mozambique.
He said this will help create a favourable trade balance for Kenya.
He noted that the two countries are exploring opportunities that will guarantee a win-win outcome.
The President explained that between 2018 and 2022, imports from Mozambique increased from Ksh 3.2 billion to Ksh 5.2 billion, while Kenyan exports to Mozambique only increased from Ksh 1.2 billion to Ksh 1.4 billion over the same period.
“In this burgeoning win-win relationship, Mozambique has the upper hand in trade balance terms, yet the opportunities before us take the form of a tide that will lift both our boats,” he said.
He made the remarks on Thursday in Maputo during a two-day State Visit hosted by his counterpart President Filipe Nyusi.
The two leaders witnessed the signing of eight MoUs aimed at strengthening the ties between the two nations
The cooperation agreements include Mutual Legal Assistance, Diplomatic Training, Public Service Training, Investment Promotion, Blue Economy and the Mutual recognition of driving licences.
President Ruto committed to the full and speedy implementation of the agreements for the benefit of the people of the two nations.
“I am of the view that it is imperative for us to take advantage of the momentum generated in these engagements to expeditiously implement all the bilateral instruments that have been signed,” he said.
Later, the President visited Maputo Municipal Hall and addressed members and other government officials.
He was presented with Keys to the City of Maputo, the Highest distinction given to an individual.
The Head of State and the First Lady also laid wreaths at Heroe’s Square.
The President noted that Maputo and Kenyan coastal towns have a lot in common, citing opportunities in tourism, fisheries and the blue economy, maritime transport, agriculture, manufacturing, trade and industry.
Share on
SHARE YOUR COMMENT
MORE STORIES FOR YOU
Trending Stories
DJ Mo’s former illicit lo...
- Published By Jane
- January 15, 2024
Mapenzi! Zari and Tanasha...
- Published By Jane
- October 24, 2023
Zuchu Speaks on Diamond P...
- Published By Jane
- October 12, 2023
Hio Ni Upumbavu Wasituche...
- Published By Jane
- November 8, 2023
RECOMMENDED FOR YOU
CBK Report: What Kenyan B...
- Published By Jane
- September 12, 2024
Apple launches iPhone 16...
- Published By Jane
- September 12, 2024
I love teasing my boyfrie...
- Published By Jane
- September 12, 2024
The nailing wonder truth
- Published By Jane
- September 12, 2024
Latest Stories
Activist Bob Njagi found...
- Published By Jedida
- September 20, 2024
Fores razes down 160 hous...
- Published By Jedida
- September 20, 2024
Johnson Sakaja distribute...
- Published By Jedida
- September 20, 2024
KEBS reveals 32 million l...
- Published By Jedida
- September 20, 2024