Kenya-Rwanda seek to deepen bilateral trade
Trade and commerce topped the list as Kenya’s President William Ruto held bilateral talks with his Rwandan counterpart President Paul Kagame. The two leaders rallied for a unified region citing need to bolster EAC regional integration. Here are some excerpts from the sidelines of the talks.
Tue, 04 Apr 2023 15:23:22 GMT
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AI Generated Summary
- The bilateral talks between Kenya and Rwanda focused on bolstering trade and commerce, with the signing of nine agreements across various sectors, highlighting a commitment to enhancing cooperation and economic growth.
- The leaders discussed the importance of supporting investors and clarified that incentives are available to all investors, including Rwandan entrepreneurs, to promote investment and economic development in the region.
- The visit emphasized Rwanda's contributions to education in Kenya, with Rwandan teachers aiding the education system, and highlighted discussions on free movement of people and opportunities for youth exchange programs, showcasing a shared vision for collaboration and progress in the region.
Kenya's President, William Ruto, recently visited Rwanda to engage in bilateral talks with Rwandan President Paul Kagame. The discussions focused on bolstering trade and commerce between the two nations, as well as enhancing regional integration in the East African Community (EAC). The leaders highlighted the importance of collaboration and signed nine bilateral agreements during their meeting. These agreements covered various sectors including correctional services, youth, agriculture, gender, and ICT. President Ruto emphasized the significance of mutual support, noting that Rwanda had assisted Kenya in formulating its VAT system. This cooperation reflects a deeper commitment to strengthening ties and facilitating economic growth. The leaders addressed concerns about incentives for investors, clarifying that these benefits are available to all investors, including Rwandan entrepreneurs. President Ruto assured that local investors, including those from Rwanda, would benefit from the initiatives aimed at attracting investment and promoting economic development. The visit also highlighted Rwanda's role in supporting education in Kenya, with Rwandan teachers contributing to the education system. Additionally, the leaders discussed the free movement of people and opportunities for youth exchange programs. These discussions underscore a shared vision for collaboration in various sectors to drive progress and prosperity in the region. Moving forward, the two countries aim to continue fostering cooperation in areas such as health, ICT, and education to strengthen their partnership and enhance regional ties within the EAC. The visit signifies a significant step towards advancing trade relations and promoting economic integration in East Africa. As both nations seek to deepen their bilateral ties, the collaboration is expected to yield mutual benefits and foster greater regional stability and development.