Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Kenya calls on German investors to tap potential

23 February 2015, 09:12

Nairobi - Kenya on Sunday called on German business community to tap various investments in the country.

Cabinet Secretary for Foreign Affairs and International Trade Amina Mohamed said Kenya will be able to bridge gap in the bilateral trade, which is currently in favour of Germany, through the export of finished products.

"I wish to urge German traders to increase their import of Kenya's products such as coffee, tea, cut flower, fresh fruits and vegetables," Mohamed told journalists during a joint news conference with visiting German Foreign Minister Walter-Frank Steinmeier.

Bilateral trade between the two countries was at its highest level to date. In 2012, it stands at 415 million euros, while German investment in Kenya stands at around 100 million euros.

Some 100 German companies are operating in Kenya and both officials said the number is set to rise since Kenya is already an attractive market.

According to the officials, the oil and gas deposits found in the northern Kenya, the improved infrastructure and modern telecommunications provide new opportunities for Kenya-Germany cooperation.

Data from the Kenyan government indicated that Germany is Kenya' s single most important coffee export destination as it absorbs the bulk of raw coffee that the country sells globally.

Mohamed said a German firm will soon set a 400 million euro facility at Nairobi's main airport to supply airlines that operate out of Kenya with essential commodities.

Also read: Conmen in Uganda cheat investors millions of dollars

The CS noted that Germany is the third largest source of tourists to Kenya. "We are profoundly grateful that the German government chose not to issue travel advisories in the wake of the security challenges that Kenya has faced in the past."

The German foreign minister, accompanied by a business delegation, said his country and Kenya have enjoyed close bilateral relations based on mutual trust for decades, and are now working closely together to master the global challenges the two countries face.

"Kenya plays an active and constructive role when it comes to regional and international security, the fight against terrorism and drugs, and environmental and climate protection," he said.

He lauded Kenya's efforts to bolster regional integration, noting that support for East Africa cooperation is a cornerstone of Germany's policy on Africa.

Steinmeier added that Germany plans to disburse an estimated 300 million Euros to support the implementation of Kenya's Medium Term Plan II under the national blue print Vision 2030 for the period 2014-2017.

For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page!

- Xinhua


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Wilson Ochieng
Apologise for attack on Auditor G...

Apologise for attack on Auditor General, President Uhuru Kenyatta is told by Kisumu Senator Anyang Nyong'o. Read more...

Submitted by
Wilson Ochieng
Quit if you can't fight corruptio...

An MP has told President Uhuru Kenyatta to quit office if he cannot fight corruption. Read more...

Submitted by
Wilson Ochieng
Investigate Uhuru, Ruto for corru...

Investigate President Uhuru Kenyatta and DP William Ruto's offices over corruption, CORD leader Raila Odinga has said. Read more...

Submitted by
Victor Tinto
Its a 1 horse race to State House...

Its a 1 horse race to State House, DP William Ruto has mocked the CORD Coalition. Read more...

Submitted by
Victor Tinto
Enjoy your time left in power, We...

CORD Co Principal Moses Wetangu'la has told the Jubilee Coalition to enjoy its last few months in power before it is voted out in the 2017 elections. Read more...

Submitted by
Victor Tinto
Stop hiding in State House and sa...

ODM MP's have called on President Uhuru Kenyatta to release drought aid and to stop sitting on public funds. Read more...