Kenya, Czech Republic enhance trade relations to attract investment- President Ruto

President William Ruto said the two countries will soon sign a negotiated economic agreement that will see Kenya access duty-free and quota-free markets.

He said the two nations will build partnerships that will intensify cooperation in various areas of mutual interest.

Speaking at State House, Nairobi, when he held bilateral talks with Czech Republic Prime Minister Petr Fiala, President Ruto argued that an equal partnership was paramount for mutual benefits.

 “Your Excellency, I wish to congratulate you for launching the “Look Africa Policy”. Africa is a continent rich in natural resources, ranging from land, water, oil, natural gas and other minerals,” said President Ruto.

He said Africa has highly skilled human resources, forests and wildlife, among other resources, in abundance, saying Czech resolve to focus on Africa was timely and highly valued.

President Ruto noted that the Czech business delegation, which accompanied the Prime Minister, would have constructive engagements with its Kenyan counterparts during the Business Forum held on Monday.

He cited pharmaceuticals, textile, agro-processing, hospitality and fintech as the most ideal investment opportunities for Czech investors.

Other sectors, he mentioned, are green energy, ICT, health and manufacturing of industrial parts and machinery.

“Establishing a commercial hub in Kenya will offer access to the demands of the greater market in the region and Africa,” Fiala stated.

The Head of State said Kenya will work with the Czech Republic to facilitate organised labour mobility between the two countries.

“Kenya has a young and skilled labour force in the health, business, educational and industrial sectors that can offer skilled labour if needed in your country,” he said.

Other key areas of cooperation include knowledge and skill transfer in healthcare, education in science and technology, climate action, wildlife conversation and peace and security.

On his part, Prof Fiala pointed out that his country was keen on deepening and broadening ties with Kenya for the two countries’ success.

“We share a long and rich history with Kenya that we must exploit to increase trade and investment volumes,” he explained.