Kenya and Botswana are set to revisit a 2016 Memorandum of Understanding to boost trade between the two countries, which is currently below potential.
The two nations will work closely through their respective business people to encourage trade between the two countries, Ababu Namwamba, Kenya’s Chief Cabinet Secretary at the Ministry of Foreign Affairs and International Trade has said.
Speaking when he presided offer the 2nd Kenya-Botswana Diaspora Investment Forum held this weekend at Fairgrounds Holdings, Gaborone, Namwamba said Kenya and Botswana had cordial relations at the political front that must be replicated in a robust business-to-business relationship on the trade front.
“We have agreed with the Minister for Investment, Trade and Industry Madam Bogolo Joy Kenewendo to revisit a 2016 Memorandum of Understanding that clearly stipulates how our two countries can trade better and increase the volumes which as we speak remain way below the actual potential,” he told the Forum.
He said ways to grow volumes of trade between the two countries include joint participation in trade-oriented activities, deliberately promote ICT, e-commerce and exchanges on the livestock industry.
At the same time, Kenya will encourage its traders through the Kenya National Chamber of Commerce and Industry to develop tourism products including golf courses such as the one desired in Lobatse as well as taking advantage of the ready-to-go industrial infrastructure in the mining region of Selibe Phikwe.
Namwamba called on the Kenya Diaspora in Botswana to lead the way in these investments.
“In the words of JF Kennedy, ask not what your country can do for you. Ask instead what you can do for your country. Please be good ambassadors for Kenya,” he said.
He further urged them to exploit opportunities presented by government focus on the Big 4 sectors of food security, affordable housing, universal healthcare and manufacturing.
Namwamba also invited both Kenyans and BOtswana investors to strongly engage in both the Botswana Global Expo of October 31st to November 2nd and Kenya’s International Blue Economy Conference slated for November 26th to November 28th in Nairobi.