Kenya and UAE Strengthen Trade and Investment Ties with New Partnership Agreement
Investment, Trade, and Industry Cabinet Secretary Salim Mvurya today inaugurated the United Arab Emirates-Kenya Trade and Investment Forum at the JW Marriott Hotel in Nairobi. The forum, co-hosted by the Sharjah Chamber of Commerce and Industry and the Kenya Private Sector Alliance (KEPSA), brought together top business leaders to discuss ways to deepen trade and investment relations between Kenya and the UAE.
In his keynote address, Mvurya highlighted the significance of the forum, emphasizing the growing trade relationship between the two nations. “The UAE ranks as Kenya’s 6th largest trading partner, and we are working closely with our counterparts in the UAE to finalize the Kenya-UAE Comprehensive Economic Partnership Agreement (CEPA), which will further solidify our economic ties,” Mvurya said.
The CEPA, currently in advanced stages of negotiation, is expected to enhance market access, reduce trade barriers, and increase investment across several key sectors, including manufacturing, tourism, energy, housing, and infrastructure.
“The agreement will provide a substantial boost to businesses in both countries, opening new opportunities in trade and investment,” Mvurya added, while also commending the UAE delegation for their commitment to fostering closer ties with Kenya’s business community.
The Cabinet Secretary also reiterated the Kenyan government’s commitment to creating a conducive environment for foreign investments, noting that the CEPA, combined with other business-friendly policies, will pave the way for sustained economic growth and prosperity in both nations.
The trade forum marks a significant step in expanding Kenya-UAE relations, which have continued to flourish in recent years. The agreement is expected to benefit not only multinational corporations but also small and medium-sized enterprises (SMEs) looking to tap into the growing bilateral market.
As the two countries move closer to finalizing the CEPA, both sides remain optimistic about the potential for greater collaboration, particularly in sectors that are central to both economies’ growth strategies.
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