The Israeli Export Institute recorded impressive gains during a series of meetings with their counterparts in Kenya on Tuesday.
The Israeli delegation is composed of approximately 80 business leaders from over 50 leading companies, mainly in the fields of agriculture, water, communications and homeland security. The Kenyan delegation represented over 150 companies.
Prime Minister Binyamin Netanyahu attended a special Israel-Kenya economic forum in Nairobi where he addressed the delegates, saying:&
“Come, come and invest in Kenya. This is an opportunity. We have strategic interest, we have national and international interests, but I wouldn’t be asking you to do this if I didn’t think that you would benefit, because the opportunity here is first of all talented people, many possibilities and a government and a President that wants you here and is willing to go the distance to get you here.” &
The government has announced several steps to provide support and assistance for Israeli industry in penetrating the Kenyan market, including: A bilateral economic cooperation agreement that was signed Tuesday; a commercial attache’s office slated to open in Nairobi in the coming year; a Cabinet-approved plan to assist exporters to Africa (funds for marketing and participation in fairs, and for feasibility studies).&
Kenya and Israel are due to sign a financial protocol that is expected to lower the risks entailed in doing business in Kenya.
Trade between Israel and Kenya at the end of 2015 stood at $106 million, a 40 percent increase over 2014.