The Kenya Private Sector Alliance (KEPSA) and The Canada-Africa Chamber of Business have announced a collaboration to promote, support, and facilitate bilateral trade and investment opportunities from Canada into Kenya.
The 3-year agreement MoU was signed during the Second Session of the Binational Commission meeting between the Governments of Kenya and Canada – and is subject to ongoing renewal. The first engagement will be a virtual trade mission to Kenya from Canada in May.
“This MoU will solidify the existing trade relations between Kenya and Canada and establish strong bonds between the two countries that will go a long way to boost private sector trade and investment. The MOU will also enable us to exchange business information with CACB which is critical especially to our members who wish to expand their coverage to international market,” explained Ms. Carole Kariuki Karuga, KEPSA CEO.
‘The joint intended results of the co-operation agreement between CACB and KEPSA seeks to increase two-way trade and investment between Canada and Kenya in all sectors – while laying the foundations to explore trade missions to Kenya by The Canada-Africa Chamber of Business and to Canada by KEPSA,’ said Sebastian Spio-Garbrah, Chair of The Canada-Africa Chamber of Business.
Guided by this MOU, CACB and KEPSA will work together towards on a case-by-case basis exploring events together, exchange of business information and reciprocity members of the Kenya Private Sector Alliance to enjoy the privileges of membership afforded to CACB members, and to ensure KEPSA members are well-positioned in the Canadian market for investment and trade in all sectors and that CACB members are well-positioned in the Kenyan market for investment and trade in all sectors.
“As KEPSA, we remain committed to establishing progressive business and trade partnerships with Canada and other similar-minded parties for the mutual benefit of our members as well as those of our CACB counterparts,” Ms. Kariuki added.