The East Africa Trade and Investment Hub (the Hub) has signed a Memorandum of Understanding (MoU) with Kenya's investment promotion state agency (KenInvest). The two organizations will, under the agreement, join efforts to increase East African investment and technology acquisition, exports and trade promotion.
Speaking during the signing ceremony, Dr. Moses Ikiara, Managing Director of KenInvest noted:
"Kenya boasts strong economic relations and investment links with the U.S., and our partnership with the East Africa Trade and Investment Hub is set to further drive our ties to attract increased investment into Kenya, whilst fostering intra-regional trade."
Amongst other items captured in the agreement, the Hub will participate in trade delegations and investment promotion activities organized by KenInvest while KenInvest will leverage the Hub's work in facilitating investments to help achieve its mission. Read the press release, here.