Economy
Ruto Inks Historic Trade Deal With UAE
UAE ranks Kenya as sixth-largest export destination and second-largest source of imports, accounting for 16pc of Kenya’s total imports.
President William Ruto and his United Arab Emirates counterpart, His Highness Sheikh Mohamed bin Zayed Al Nahyan, presided over the signing of the Kenya-United Arab Emirates Comprehensive Economic Partnership Agreement (CEPA), marking a historic milestone in the economic relations between the two nations.
This is the first agreement of its kind signed by the UAE with a mainland African country, representing a transformative step in enhancing trade, investment, and economic cooperation.
The agreement aims to deepen trade ties by eliminating barriers to trade, simplifying customs procedures, and promoting industrialization and regional value chains.
The Comprehensive Economic Partnership Agreement CEPA goes beyond trade in goods by addressing services, technological innovation, digital trade, and sustainability.
It also opens new opportunities for Kenyan service providers in sectors such as education, transport, communications, construction, and engineering to access the UAE market.
The partnership aligns with Kenya’s Bottom-Up Economic Transformation Agenda (BETA) by unlocking new markets for priority value chains, attracting foreign direct investment, and promoting technology transfer to support livelihoods across the country.
Trade between Kenya and the UAE has more than doubled over the years reaching Ksh 445 billion in 2023.
UAE ranks Kenya as sixth-largest export destination and second-largest source of imports, accounting for 16pc of Kenya’s total imports.
Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news TIPS, story angles, human interest stories, drop us an email on [email protected] or via Telegram
The Man Who Starved Kenya’s Voice
The Rot Inside Absa: How Bank Insiders Are Looting Nairobi’s Customers
The President’s Helicopter: How Ruto’s Aviation Empire Lands a Historic Airbus Milestone While His Government Writes the Tax Code
“TikTok Who? YouTube Sorry. A Kenyan-Built Platform Just Dropped—and 20 African Ministers Showed Up To Launch It.”
Denial Under Duress: The Untold Collapse Threatening David Lagat’s DL Group’s Empire
Stung By West Africa Rejections, France Courts Rest Of Continent at Kenya Summit
THE INSURER THAT TOOK YOUR PREMIUM AND FORGOT YOUR NAME: How ICEA Lion Left a Client Begging for Sh7.8 Million Across Four Months
Safaricom’s Sh1.4 Billion Reckoning: How Kenya’s Most Profitable Company Stole a Man’s Idea and Got Caught
Bush Air Safaris Founder John Ndiritu Risks Losing Property Over Disputed Loan Claim
Bia Tosha’s Claim For Injunction Is Designed To Sabotage The Sh300bn Sale of EABL Shares
How Did a Sh468K KRA Salary Allegedly Turn Into Sh30 Billion? Questions Deepen Over Commissioner George Obel and Ciala Resort Owner’s Wealth
Nairobi Freezes Binance Accounts in Sweeping Anti-Fraud Crackdown as Global Scandal Record Haunts World’s Largest Crypto Exchange
THE UNTOUCHABLE CLERK: How Fatuma Mwalupa Allegedly Turned Kwale Assembly Into a Personal Treasury and Outsmarted Scrutiny
The Man Behind the Badge: How Prof. Erastus Kanga Turned Kenya’s Premier Wildlife Agency into a Theatre of Corruption, Fear and Impunity
THE BRAZEN RETURN: Triton Thief Yagnesh Devani, Who Pillaged Kenya of Sh7.6 Billion and Fled, Now Asks the Same Courts He Escaped to Restore His Stolen Wealth
TotalEnergies Moves to Sue TikToker for Sh10 Million Over Contaminated Fuel Claim as Kenya’s Petroleum Sector Burns
Green Gold, Rotten Roots: How Kenya’s Biggest Avocado Firms Hijacked a Sh5.8 Billion Harvest Ban
Why the April 21 Flopped Protests Expose Kenya’s Rudderless Opposition
KETRACO CEO Advert Marred By Controversies As Fears Grow That Kipkemoi Kibias Is A Predetermined Candidate
THE PHANTOM COVER: Unlicensed Broker Vanishes With Sh42M, Hussein Mohammed Fingered In The Alleged CHAN 2024 Insurance Scandal
-
Business1 week agoSafaricom’s Sh1.4 Billion Reckoning: How Kenya’s Most Profitable Company Stole a Man’s Idea and Got Caught
-
Africa2 weeks agoThe $24 Million Heist at the End of the World
-
Business1 week agoTHE INSURER THAT TOOK YOUR PREMIUM AND FORGOT YOUR NAME: How ICEA Lion Left a Client Begging for Sh7.8 Million Across Four Months
-
Investigations1 week agoDenial Under Duress: The Untold Collapse Threatening David Lagat’s DL Group’s Empire
-
Business4 days agoThe Rot Inside Absa: How Bank Insiders Are Looting Nairobi’s Customers
-
Business1 week agoBush Air Safaris Founder John Ndiritu Risks Losing Property Over Disputed Loan Claim
-
Arts & Culture2 weeks agoKDC Accelerates the Creative Economy, Innovation and Youth-Led Enterprise Growth at Africa Forward Summit
-
Africa1 week agoStung By West Africa Rejections, France Courts Rest Of Continent at Kenya Summit