Kenya and the Netherlands sign a memorandum of understanding to boost trade between the two countries

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NAIROBI, Kenya, October 16 – The Kenya Investment Authority (KenInvest) and the Netherland Business Hub (NLBH) have agreed to strengthen their collaboration to increase trade and investment between Kenya and the Netherlands.

This culminated in the signing of a Memorandum of Understanding (MOU) between the two countries during a meeting held on Friday at KenInvest’s offices in Upper Hill, Nairobi.

The objective of the MoU is to further support the efforts of Dutch companies to invest in Kenya, in certain areas such as blue economy, agriculture, logistics, energy and water, life and health and many more.

Speaking at the signing ceremony, KenInvest Ag. Managing Director, Olivia Rachier said, “I am proud to sign this MOU with NLBH to promote further collaboration in the areas of trading and investment. investment following the work that the two agencies have already done together. This memorandum of understanding gives a strong impetus to the cooperation between the two countries.

Netherlands Business Hub Chairman Carlo Van Wageningen said that over the past decade, the Netherlands has consistently been among Kenya’s top five export markets.

“Kenya is the Netherlands’ most important trading partner in East Africa with a trade balance in favor of Kenya,” Wageningen said.

He further pointed out that the MoU provides a framework for successful collaboration between KenInvest and the NLBH to promote and facilitate investment in Kenya for Dutch companies, conduct joint investment and business promotion missions and support an enabling environment. to investments.

Wageningen noted that the signing of the MOU affirms that the economic ties between Kenya and the Netherlands are as strong as ever since the MOU embraces the initiative of KenInvest and NLBH.

NLBH Managing Director Yvonne Oerlemans noted that the hub provides support, information and services to Dutch entrepreneurship in Kenya, promotes two-way trade between the two countries and opens up a strong network for locals in partnership with the Dutch Embassy.

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“The Netherland Business Hub promotes and supports Dutch businesses in Kenya. With the signing of this MoU, the path to establishing and doing business in Kenya becomes easier for Dutch companies, which boosts Dutch investment in the country and contributes to economic growth in Kenya. As a chamber of commerce, we are proud to partner with KenInvest,” said Oerlemans.

NLBH offers Dutch companies support to enter and do business in the Kenyan market, it promotes bilateral trade between the two countries and opens up a strong business and social network.

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