President Ruto, KNCCI president Ngatia root for Kenya-Germany trade cooperation
The Kenya National Chamber of Commerce and Industry president Richard Ngatia was among the leaders at the business forum that was held between Kenya and Germany during the ongoing visit by President William Ruto to Germany.
Ngatia is part of President Ruto’s delegation to Germany and was one of the key leads in the business forum between the two countries.
During the trip, the President and his delegation met some key businesses that have invested in Kenya and deliberated on their expansion plans as well as new investors.
Ngatia was instrumental in bringing together successful business leaders to confer on inclusive economic growth, supporting SMEs, mentoring the next generation of entrepreneurs and encouraging foreign investment.
The German Chamber President said that the two teams had a great discussion and made many good new connections.
“I wish you continued success in your businesses and meaningful recognition for the role you play in bolstering world wide business economy,” he said of Ngatia.
Enhancing the business environment and making it conducive is a top priority for the Kenya Kwanza government which President Ruto leads.
Ngatia noted that Kenya needs investment to create opportunities for young people. He invited the German private sector to explore the many untapped opportunities in Kenya noting that Kenya is ready to forge closer ties and maximise collaboration between the German and Kenyan private sectors to realise the trade potential between our nations.
During the Germany-Kenya Business Forum at Haus der Wirtschaft, Berlin, the Kenyan delegation persuaded international businesses to grasp uemerging opportunities that will be drawn from Kenya’s stronger and broader relations with Germany.
Kenya is open to investment from Germany and ready to partner with businesses, especially in the areas of renewable energy, infrastructure, digital economy, housing, and agriculture, among others.
The President noted that investing in Kenya will offer enterprises access to the EAC, COMESA, the Tripartite Free Trade Area and AfCFTA markets of 1.4 billion people and a combined GDP of $3.4 Trillion.
