The Cairo Chamber of Commerce and the Kenya National Chamber of Commerce and Industry signed a protocol of cooperation that would boost economic relations between the two countries, in order to support trade and investment exchange.
The Kenyan delegation that was headed by Richard Ngatia, Chairman of Kenyan chamber of commerce and industry, David Lucien, Deputy Minister of Trade and Industry in Kenya, and John Otieno, Ambassador of Kenya were received by Cairo Chamber's Board of Directors and a number of Egyptian and Kenyan businessmen.
In his statement, Ahmed El-Weisimy, First Vice-chairman of the Cairo Chamber, on behalf of Eng. Ibrahim El-Araby, the chairman of the Cairo Chamber and the chairman of the General Federation of Chambers of Commerce, stressed that the efforts made to achieve cooperation between the two chambers would have a positive impact on the economies of the two countries, especially in light of the government leadership's support for industry, commerce, and investment, led by President Abdel Fattah Al-Sisi, and the need to revitalize economic movement among African countries.
He noted that the Egyptian government's facilities for investors in many sectors would create excellent investment and commercial prospects in the Egyptian market, which the Kenyan side should take advantage of.
Furthermore, the new cooperation between the two chambers will lead to the discovery of more available opportunities in the Egyptian and Kenyan markets at the industrial and commercial levels through information exchange, direct visits, bilateral meetings, and communication between Egyptian exporters and importers and their Kenyan counterparts, as well as the activation of intraregional trade movement between the two countries.
Richard Ngatia, chairman of KNCCI confirmed the need for increased cooperation between the two countries' business communities and that the Kenyan government has taken legislative measures to support the investment climate, noting that the two countries' business communities want to strengthen bilateral relations and increase trade and investment volume.
Following the completion of the protocol signing session, bilateral meetings were held between Egyptian businessmen and their Kenyan counterparts to discuss ways of cooperation in various areas.
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