Chris Mgidu and Chrispinus Omar NAIROBI (Xinhua) -- Kenya
and Nigeria on Friday signed seven agreements that will boost
bilateral and trade ties between the two countries.
The agreements covered tourism, oil and gas,
trade and investment; oil and gas, visa exemption for
diplomatic passport holders; conclusion of agreements on
double taxation; agriculture, livestock and fisheries; and
twinning of cities.
Speaking after a signing ceremony in
Nairobi, visiting Nigerian President Goodluck Jonathan said
Kenya and Nigeria should expand ties which he said should go
beyond primary production and work hand in hand to add value
to their produce and encourage intra- Africa trade.
"Nigeria and Kenya are key countries
in the continent and must work together for the good of the
people of Africa," Jonathan said.
Exports to Nigeria fell to 33 million U.S.
dollars last year from a peak of 37 million dollars in 2008,
according to the Kenya National Bureau of statistics.
Similarly, imports declined to a mere
555,000 dollars from 1.95 million dollars over the same
The two leaders agreed to increase trade
between their two countries, promote intra-Africa trade and
expand opportunities for investment.
Both Jonathan and his host Uhuru Kenyatta
directed the relevant authorities of both countries to
immediately identify measures required to eliminate tariff and
non-tariff barriers to trade such as visa restriction and poor
The two presidents also asked the relevant
authorities to expedite the conclusion of a draft agreement on
Nigeria has more developed banking, oil and
gas industries while Kenya has a successful domestic service
sector, including aviation, tourism and hospitality
The Nigerian delegation which accompanied
President Goodluck is drawn from different sectors of their
economy, including agriculture, energy and petroleum, IT and
Mobile Technology, food and retail, manufacturing,
construction, tourism, mining, banking and aviation.
Kenyatta stressed the need for Kenya and
Nigeria to increase the volume of trade between them, adding
that currently intra- Africa trade stood at below 12 per cent.
"We look forward to strengthening the
bond between our two countries and increase trade and
investment for the benefit of our people, Kenyatta said.
He said with Kenya in the East African Coast
and Nigeria in the West African Coast, the two countries stood
at a vantage point if they worked in partnership to increase
their volume of trade and investment.
Kenyatta said he looked forward to working
closely with the Nigerian president and the government of
Nigeria in uplifting the lives of the people of Kenya.
For his part, Jonathan stressed the need for
Kenya and Nigeria to work together, saying this was critical
in promoting trade.
"We believe that with Nigeria and Kenya
working together we will not only help the two countries but
also create a platform to leverage Africa on trade and
investment," Jonathan said.
president visits Kenya to bolster trade ties
By Peter Mutai
NAIROBI (Xinhua) -- Nigerian
President Goodluck Jonathan arrived in Nairobi late Thursday
for a three-day state visit vouched to boost trade and
bilateral ties between the two countries.
President Jonathan, who is accompanied by
First Lady Patience Jonathan, landed at Jomo Kenyatta
International Airport shortly after 4.00 p.m. local time,
where he was met by Deputy Kenyan President William Ruto.
The two countries are set to sign a series
of bilateral agreements aimed at addressing the current
challenges in their relations.
The state visit was initiated by Kenya’s
President Uhuru Kenyatta, who visited the West African nation
back in July.
The three-day state visit will also be
Gookluck’s first visit to Kenya by a foreign leader since
the new administration took over in April.
Cabinet Secretary for Foreign Affairs and
International Trade Amina Mohamed added that the accords will
culminate in the establishment of the bi-national commission
that will promote mutually beneficial ties.
"We will sign agreements on trade,
double taxation, investment protection and narcotics so as
to smoothen ties between the two countries," Mohammed
told a news conference in Nairobi on Wednesday.
She said that both nations hold the same
position on curbing illicit trade on contraband goods.
Mohammed said that lack of these agreements
has in the past hindered trade between the countries.
According to government data, Kenya exported
goods worth 33 million U.S. dollars to Nigeria in 2012 while
it imported only 550, 000 dollars in the same year.
In preparation for the visit, Kenya’s
foreign affairs ministry commissioned Ashanti Research to
carry out a research on the level of bilateral ties.
"We want to ensure that we maximize
the benefits of the state visit," he said.
Ashanti Research’s Director of Strategic
Partnership Nasra Ali said that Nigeria has a population of
170 million population which constitutes a huge base for goods
"It also has a growing and
sophisticated middle class that has a huge unmet demand for
basic goods and services," she said.
Ali noted that Nigeria is also a gateway for
at least another 100 million people.
"It therefore offers huge opportunities
for Kenyan investors," she said, adding the two countries
should strengthen the long standing cooperation in all sectors
of the economy.
Nigerian tycoon to invest
U.S. $ 400 million dollars in Kenya mining sector
NAIROBI (Xinhua) --
Nigerian billionaire Aliko Dangote on
Friday said his business group will invest 400 million U. S.
dollars in the mining sector in Kenya.
Dangote, who arrived in the Kenyan capital
Nairobi on Thursday with Nigerian President Goodluck Jonathan
expressed his readiness to invest in Kenya’s mining sector
to help spur economic growth.
A statement from the Ministry of Mining said
the Nigerian tycoon, who also has the largest manufacturing
conglomerate in West Africa, was issued with business licence
during the transition period.
"Najib Balala (ministry of mining
cabinet secretary) has welcomed Dangote’s move to invest
in the mining sector and for their cooperation with the
"The ministry of mining was ready to
engage with the company once again," the statement
Early last month, Kenya cancelled all the
mining licenses awarded in the first half of this year because
of suspected corruption in their awarding.
The government has formed a taskforce to
review the mining licenses and procedures with recommendations
expected in two months.
Kenya has in the recent past discovered a
range of mineral resources including oil, gold, and rare
earths but experts urge that there is much more mineral
Balala had earlier said exploration of
minerals in Kenya is hampered by lack of up to date and modern
data on resource mapping which the country is now developing.
The cabinet secretary has also welcomed
other investors with similar intentions saying the industry
has full support of the government.
"He has asked other companies whose
licences were suspended to appear before the Mohammed Nyaoga
taskforce which recently got a nod from the high court to
proceed with the review of the licenses, " the
The new Kenya administration has given
mining a major focus.
For the first time since independence in
1963, the government formed a stand-alone ministry of mining
to drive the efforts of making the sector one of the
significant contributors to economic growth.
Kenya government is also seeking to develop
capacity to develop minerals exploration legal capacity to
ensure that contracts signed with investors are beneficial to
the people of the country.