In a significant development aimed at maximizing trade potential and strengthening economic ties, Kenya reaffirmed the United States as its key trade and investment partner. The Africa Growth and Opportunity Act (AGOA) has played a crucial role in Kenya's growth, enabling the nation to develop its value chains, expand its export capabilities, and create numerous employment opportunities.

In a recent meeting, the PS, Abubakar Hassan, engaged in discussions with the Gabtsy Africa Team, headed by Textile and Apparel Program Director, Ms. Antoinette Tesha. The focal point of the conversation revolved around the textile and apparel value chain, which is recognized as the most labor-intensive value chain and a crucial gateway to industrialization.

Kenya has a target of attracting 10 Bn $ Foreign Direct Investment. Peace and security is a pre-requisite for FDI Flows into Kenya. PS Abubakar Hassan Honored to be featured in July Lamu County Weekly Magazine (UPEO) on the impact of peace and security on Investments

Kenya and Burundi continue to cooperate across various socio-economic areas, including regional security and agriculture.

The 2023 Kenya Mining Week Expo and Conference commenced with an emphasis on the abundant natural resources and unexplored territories that Kenya possesses. The nation's lands are considered to be blessed with unparalleled natural resources, presenting significant potential for greenfield projects. In a notable development, the National Airborne geophysical survey findings were published, which is expected to stimulate investments throughout the mining value chain.

Kenya through MITI, has hosted the Indonesian Business Delegation Led by H.E. Luhut Binsar Pandjaitan, Coordinating Minister for Maritime Affairs &Investment. This event marked a significant milestone in strengthening bilateral ties & investment opportunities between the two nations. For more information,

https://x.com/MITI_ke/status/1679498861272858626

In a significant stride towards fostering economic ties, the Indonesia-Kenya Business Forum witnessed a remarkable union of 22 prominent Indonesian companies and senior Government officials led by Coordinating Minister of Maritime and Investments, Hon Luhut Binsar. The event served as a galvanizing moment, where Indonesian investment solutions aligned with promising Kenyan investment opportunities.

The Kenya-Saudi Arabia Business Forum was recently hosted by the Ministry of Investment, Trade & Industry in collaboration with KenInvest, KEPSA and kenya chamber. This significant event welcomed the presence of HE Khalid Al Falih, who led a delegation of over 30 Saudi firms to Kenya. The primary objective of the forum was to facilitate economic collaboration between the two nations, with the aim of promoting mutual learning, international joint ventures, new business development, and fostering a stronger connection between Kenyan and Saudi Arabian businesses.

In an impressive display of commitment to environmental sustainability, the greening of the financial system has paved the way for robust green financing. As a result, the energy sector has achieved an outstanding 92% green ability, marking a significant milestone in the journey towards a greener future. Building upon this success, efforts are now underway to transform the transport sector, ushering in a new era of green mobility that aligns with the emerging transport norms.

In a recent development, Hon. Felix Koskei, the Head of Public Service, was provided with an update on the advancements made by Taifa Gas SEZ Kenya Limited, an investor in the economic zone. Taifa Gas SEZ Kenya Limited is currently in the process of establishing a substantial liquefied petroleum gas (LPG) handling facility with a capacity of 45,000 metric tons.