SA and Kenya commit to ‘substantially’ increase trade volumes, foster greater investment | The Citizen

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President Cyril Ramaphosa says South Africa and Kenya are committed to “substantially increasing” volumes of trade and fostering greater investment in each other’s economies.💵

Ramaphosa said he and Ruto concluded very productive and constructive talks, which took forward South Africa and Kenya’s cooperation in several areas of mutual interest.He said the State Visit reaffirmed that the two country’s bilateral relations were based on a sound foundation of mutual respect, shared values, friendship and democracy.

“We used our discussions to take stock of the current state of our bilateral relations, while also exploring other areas of mutual interest and possible cooperation. The agreements that we have witnessed today are a demonstration of new areas of cooperation that our two countries have identified. “We are committed to ensure that the agreements and memoranda of understanding that we have signed in the past few years will be implemented fully,” the president said, speaking at a joint media briefing with Ruto.Ramaphosa said South Africa and Kenya were confronted by similar challenges of poverty, inequality and unemployment.

The president said there were opportunities for the countries to share experiences and good practice in the implementation of their economic plans.“This is an opportunity to make new contacts and establish new business undertakings between our respective private sectors and state-owned companies. “As leading economies in our regions, our bilateral trade and investment ought to be greater and more diverse.”

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