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On Monday 7 November, Kenya and Botswana signed a Memorandum of Understanding (MoU) aimed at boosting trade and investment partnerships in agriculture, agri-business, ICT, horticulture and manufacturing, among others.

Kenya’s Cabinet Secretary of the Ministry of Industry, Trade and Cooperatives, Adan Mohamed, told a Kenyan-Botswana forum that Nairobi had been proactive in its efforts to improve relations between the two nations to capitalize on business and investment opportunities for their mutual benefit.

Kenya’s main imports from Botswana include fruit juices.

This MOU signing comes a time when Kenya has ramped up the local business environment, supported by the recent improvement in their ‘Ease of Doing Business’ ranking to position 92. This testifies to the numerous regulatory changes seen and developments experienced in the Kenyan business climate.

Mohamed said Kenya was excited at the signing of this MoU as a show of commitment to strengthening trade and investment relationships with Botswana as the government seeks to “leverage our competitive advantages in diverse industries for our mutual benefit.”

According to the State Minister, Investment, Trade and Industry of Botswana, Vincent T. Seretse, his country was committed to improving relations and leveraging Kenya’s competitive positioning in Africa to improve his country’s economic capabilities.

Source: coastweek.com

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