Kenya to expand trade ties with Iran

By Peter Ochieng

Kenya intends to exploit strong trade ties with the Islamic Republic of Iran, in a bid to expand trade volumes between the two countries.

Speaking at State House, Nairobi on Wednesday after holding bilateral talks with his Iranian counterpart Ebrahim Raisi, Ruto said trade volumes between the two nations remain low, but with potential to grow.

He said that Kenya and Iran will strike a formula that will facilitate higher exports of tea, coffee and meat.

“This will bring about the much-desired trade balance that is in favour of Iran," said Ruto.

The Head of State pointed out that the setting up of the Iran House of Innovation and Technology in Nairobi, will offer the right platform for Iranian and Kenyan businesses.

“This is an innovative way of enabling enterprises to access Iranian technologies, skills and information.”

“We will seek to capitalise on this unique advantage for our prosperity," he added.

He added that Kenya and Iran have signed more than 22 Memorandum of Understanding (MoUs) and agreements, in the areas of agriculture, livestock, culture and heritage, information, ICT, fisheries, housing, urban and metropolitan development.

President Raisi on his part lauded Kenya’s commitment to creating a friendly environment for foreign businesses.

“The Kenya-Iran relations can always be strengthened for our benefit."

He said more Iranian firms will establish operations in the country.

Raisi is also expected to visit Uganda and Zimbabwe.

He is the first Iranian president to visit Africa in 11 years.