Kenya to focus on external trade to increase exports
28 August 2014, 14:29
Nairobi - Kenya plans to focus on external trade policy to
increase the competitiveness of exports in order to facilitate economic
Cabinet Secretary for Foreign Affairs Amina Mohamed
said the external trade sector is critical to the growth of the Kenyan
"External trade is not only the major foreign exchange earner, but
also provides the vital link to the world economy," Mohamed said when
she presided over the launch of a chemicals factory in Mlolongo, about
20 km east of Nairobi.
The new plant by German firm BASF will produce chemical solutions in
Kenya and export them to other East African countries as well.
Mohamed said her ministry has formulated and will soon be launching a
new four-year strategic plan to highlight importance of external trade.
"This plan is the road map that will guide the ministry in the
implementation of our foreign policy and international trade priorities
in the next four years. The Plan has been prepared in line with the
Second Medium-Term Plan of Kenya's Vision 2030," said Mohamed said.
BASF Managing Director Carles Miguel hailed the government for the
commitment and progress made towards creating an environment conducive
Mohamed assured investors Kenya has registered tremendous
achievements in improving the overall investment environment and the
country is therefore conducive for investments.
"I assure investors that Kenya continues to pursue a free enterprise
economy and aims at building the strongest industrial base in the
sub-Saharan African region," she said.
"With a sound economic base and a well-trained workforce in the
manufacturing sector, we are a destination that is ripe for foreign
For the latest on national news, politics, sport, entertainment and more follow us on
Twitter and like our Facebook page!