The Kenya Investment Authority (KenInvest) and the Netherland Business Hub (NLBH) have agreed to reinforce their collaboration towards increasing trade and investment between Kenya and the Netherlands.
This has resulted in the signing of a Memorandum of Understanding (MOU) between the two countries at a meeting held on Friday at KenInvest offices in Upper Hill, Nairobi.
The purpose of the MOU is to support further the efforts of the Netherlands companies to invest in Kenya, in certain areas such as blue economy, agriculture, logistics, energy and water, life sciences and health and many others.
Speaking during the signing ceremony, KenInvest Ag. Managing Director, Olivia Rachier said, “I am proud to sign this MOU with NLBH to promote further collaboration in areas of trade and investment following the work the two agencies have already been doing together. This MOU serves as a strong impetus for cooperation between the two countries.”
Netherlands Business Hub Chairperson Carlo Van Wageningen said that over the past decade, the Netherlands has been consistently among the top five export markets for Kenya.
“Kenya is the Netherlands’ most important trade partner in Eastern Africa with the trade balance in favor of Kenya,” said Wageningen.
He further highlighted that MOU offers a framework for fruitful collaboration between KenInvest and the NLBH in promoting and facilitating investments in Kenya to Netherlands companies, conducting joint investments promotion and trade missions and supporting a conducive investment environment.
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Wageningen noted that the signing of the MOU affirms that the economic ties between Kenya and Netherlands are as strong as ever since the MOU embraces the initiative from KenInvest and NLBH.
NLBH General Manager Yvonne Oerlemans noted that the hub provides support, information and services to Dutch entrepreneurship in Kenya, promotes bilateral trade between the two countries and opens up a strong network for locals in partnership with the Netherland embassy.
“The Netherland Business Hub promotes and supports Dutch business in Kenya. With the signing of this MOU, the route to setting up and doing business in Kenya becomes easier for Dutch businesses, prompting Dutch investment in the country and contributing to economic growth in Kenya. As a chamber of commerce, we are proud to be in partnership with KenInvest,” said Oerlemans.
NLBH offers Dutch companies support in entering and doing business in the Kenyan market, it promotes bilateral trade between the two countries and opens up a strong business and social network.
SOURCE: Capital business
