.

     

.


THE MOST FROM THE COAST !

..


 Coastweek website


XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Kenya and India agreement on scaling up economic co-operation | Coastweek

NAIROBI (Xinhua) -- India Prime minister Narendra Modi [left] and Kenyan President Uhuru Kenyatta hug after a press briefing at State House, in Nairobi. Indian Prime Minister Nerandra Modi [right] and Kenyan President Uhuru Kenyatta address a gathering of the Indian community at Safaricom Stadium, Kasarani in Nairobi. Indian Prime Minister Nerandra Modi is on a visit to Kenya where he will seek to strengthen trade relations between the two countries, in particular to lift India’s falling exports to the East African nation. XINHUA PHOTOS - NYALWASH and JOHN OKOYO

Kenya and India agreement to scale up economic co-operation
NAIROBI (Xinhua) -- Kenyan President Uhuru Kenyatta and Indian Prime Minister Narendra Modi have resolved to facilitate the two countries’ business communities to scale up the economic cooperation.

Speaking at the Kenya-India business forum in Nairobi, Kenyatta encouraged more Indian companies to invest in Kenya to bridge the trade imbalance that is in favour of India.

The Kenyan leader urged India to open its market to Kenyan goods and also support value addition, noting that Indian companies could access unexploited opportunities in Kenya through partnership with Kenyan companies, public-private partnership or on their own.

Kenyatta said companies that have set up shop in Kenya can testify that the country is open, safe and ideal for local and foreign business and investment.

He added that his government has put in place business-friendly reforms that are supported by wide and expansive local, regional and international markets.

"It is time to partner with Kenya so that India’s products, services and firms can find markets right across Africa.

"I would like to encourage more trade and, indeed, a deeper partnership between Kenya and India investors," he said.

Kenyatta encouraged collaboration between the two countries’ trade and investment institutions.

"Such collaboration would definitely hasten information exchange on trade and investment, and also facilitate transfer of technology," Kenyatta said.

He cited agribusiness, textiles, tourism, manufacturing, wholesale and retail business, distribution, mining, health and pharmaceutical manufacturing, export processing zones and construction as the areas that could be tapped.

The two leaders cited the historic trade and business ties between the two countries and rooted for the entrenchment of a "win-win" partnership.

"We have worked together in the past in many areas; we have to work closer now for the benefit of the people of our two countries," said Modi who was accompanied by a delegation of 80 business persons.

He gave an assurance of his government’s support to make Kenya a regional hub in health provision, saying the two countries will work together in harnessing solar energy, saying it is a good strategy in providing electricity to rural villages.

"I am aware that Kenya lays great emphasis on solar energy.

"We are expanding the same form of energy, and together we can achieve more in this area," the PM said.

The Indian PM also said he looked forward to the two countries collaborating in the exploitation of their maritime resources.
.

UPDATE:

Indian Prime Minister Narendra Modi  returns home from four-nation Africa tour

NEW DELHI India (Xinhua) -- Indian Prime Minister Narendra Modi returned home Tuesday after wrapping up a five-day tour of four African nations.

"After a vital Africa tour which witnessed key talks, interactions & agreements, PM @narendramodi reaches Delhi," the Prime Minister’s Office tweeted.

Modi flew back to the Indian capital this morning from Kenya, his last stop on his four-nation tour that also included Mozambique, South Africa and Tanzania.

In Kenya, the Indian prime minister held talks on Monday with President Uhuru Kenyatta and both sides inked seven pacts, including in field of defense and security and double taxation avoidance.

Modi had gone to Kenya from Tanzania, where he held talks with the country’s leadership and offered 92 million U.S. dollars Line of Credit for a key water supply project and signed five pacts.

In South Africa, the Indian premier met South African President Jacob Zuma and discussed a wide range of issues, particularly in the economic arena.

His first stop was Mozambique where Modi held talks with President Filipe Nyusi and oversaw signing of three pacts, including one under which India will buy pulses from this African nation.

Modi’s tour of Africa—his first to the continent though he had gone to the Indian Ocean islands of Mauritius and Seychelles earlier—was aimed at bolstering ties with Africa.

Remember: you read it first at coastweek.com !


Diamond Trust Bank banner | Coastweek

 

TO ADVERTISE ON THIS WEB SITE:  www.coastweek.com
Please contact

MOMBASA - GULSHAN JIVRAJ, Mobile: 0722 775164,
Tel: 0731 099309 / (+254) (41) 2230130 / Wireless: 020 3549187
e-mail: info@coastweek.com

NAIROBI - ANJUM H. ASODIA, Mobile: 0733 775446 / 0773 468786
e-mail: anjum@asodia.co.ke

 
    © Coastweek Newspapers Limited               Tel: (+254) (41) 2230130  |  Wireless: 020 3549187  |  E-mail: info@coastweek.com