Thursday, February 22, 2024

Kenya to exploit strong ties with Iran to expand trade

Kenya is set to take advantage of its strong tie with Iran to expand trade between the two countries which at the moment of still low.

Speaking on Wednesday was President William Ruto who said that they will strike a formula with Iran that will lead increased exports of tea, coffee and meat.

The Head of State was speaking as he welcomed President of Iran Ebrahim Raisi during his state visit at State House Nairobi.

Ruto continued by saying that Kenya will take advantage of Iran’s wealth in technology for its development and even set up Iran House of Innovation and Technology in Nairobi that will boost business between the two countries.

“This is an innovative way of enabling enterprises to access Iranian technologies, skills and information.” said Ruto

During the meeting, President William Ruto and Raisi signed a total of 22 MoU’s and agreements that will boost cooperation in development, education, scholarships, infrastructure, health, water, fisheries and agriculture.

The new MoUs and agreements are in the areas of agriculture, livestock, culture and heritage, information, ICT, fisheries, housing, urban and metropolitan development.

President Raisi of Iran lauded Kenya’s commitment to creating a friendly environment for foreign businesses.

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