President Ruto invited more German companies to invest in value addition of raw materials in Kenya
PCS
Kenya has said it is committed to intensifying its cooperation with Germany.
It noted that the new partnership will lean more towards environmental conservation.
President William Ruto said this will entail climate protection, assistance in developing climate-compatible energy systems and adapting to the consequences of climate change.
He made the remarks last night during a dinner meeting hosted by the Deustech Afrika Stiftung and the German Bundestag in Berlin.
He pointed out that Kenya is Germany’s most important trading partner in East Africa.
However, the President noted that there are challenges impeding Kenya-Germany trade.
He listed them as a narrow product range, no value-added exports, value disparities, use of subsidies distorting pricing and competitiveness and high standards set by the European Union for agricultural products.
“These challenges should not discourage us from highlighting the strengths of our countries as trading partners,” the President reiterated.
He said Kenya is an economic hub in the region with the most developed business and financial services sector, accessible transport and communication connectivity and diverse human resource capacity.
“We are at the centre of a wide and expansive market of the five countries in the East African region with a population of over 135 million people.”
The President explained that Germany has robust, longstanding and time-tested democratic credentials, which Kenya can benchmark from to build vibrant institutions and creating synergies.
MP for Baden-Württemberg who is also the acting Chair Committee on Economic Cooperation and Development Christoph Hoffmann observed that there are huge areas of cooperation between Kenya and Germany which must be exploited for the benefit of the people.
“Germany is an anchor of democracy in Europe and the world. Kenya is a front-runner in innovation, digital connectivity, conflict resolution and green energy. We stand to gain a lot from our friendship,” said Former State Secretary of Ministry of Economic Cooperation and Development who is also the President of German Africa Foundation Uschi Eid noted.
She told the meeting that future-oriented strategic partnerships are a necessity.
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