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In other to enhance and bolster Commerce, Kenya Firms spouses with Canada-Africa Chamber of Commerce
Posted On 29 Apr 2021
By Abdul Rahman Bangura–
Photo Credit: Dare Africa Consulting
NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Kenyan firms are hovered to succeed from global trade and investment resorts in North America after being full-time members of the Canada-Africa Chamber of Commerce. Through evidence exchange and networking activities, the 27-year-old private, non-profit
group strives to expedite Canada-Africa trade. It makes together important African decision-makers, including ministers and heads of state, as well as businessmen, entrepreneurs, and policymakers.
“I am delighted to invite an African center and a representative on the continent on behalf of the board,” noted the chamber’s Chair – Sebastian Spio-Garbrah in Ottawa, Canada.
In 2019, Kenya had a trade deficit with Canada of Sh11 billion. According to the Kenya National Bureau of Statistics (KNBS), the country imported products worth Sh13.9 billion from Canada in 2019, representing a 56% growth from Sh8.9 billion in 2018. In 2019, exports to Canada totaled Sh2.9 billion, including vegetables and textiles. Pursuing its entry, Kenya will host the Second Session of the Kenya-Canada Bi-National Commission meeting on trade and investment in Nairobi.
A memorandum of understanding (MoU) between the Kenya Private Sector Alliance (KEPSA) and the chamber is also being ratified, as is a virtual trade undertaking from Canada to Kenya in the second half of May.
‘We are excited to benefit from the experience and skills gained over a quarter-century of fostering trade and investment between Canada and Africa,’ Kenya High Commission in Ottawa Charge d’Affaires Stephen Lorete stated.
For New Africa Business News (NABN) Abdul Rahman Bangura Reports, Africa Correspondent
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