Bangladeshi investors urged to invest in Kenyan agriculture and ICT sector

Publish: 7:00 PM, July 29, 2022 | Update: 7:00 PM, July 29, 2022

“Kenya has a warm diplomatic relation with Bangladesh, now we want to turn it into a good trade relation”, Director General, Bilateral and Political Affairs of Kenya Amb. MoiLemoshiasaid this during a meeting withDhaka Chamber of Commerce & Industry (DCCI) recently. A10-member government delegation led by Amb. MoiLemoshiajoined for a meeting with Dhaka Chamber at DCCI’s Gulshan Centre, a press release said.
Lemoshia invited Bangladeshi entrepreneurs to invest in agriculture and ICT sector in Kenya that will give them an access to other African countries since the country is a member of Common Market for Eastern and Southern Africa (COMESA) and East African Community (EAC). He also proposed to establish a joint trade commission to accelerate bilateral trade and to identify the bottlenecks. Kenya’s economy is also SME driven so is in Bangladesh, therefore he suggested for joint collaboration of SME sector of both the countries. For technology transfer and training he urged for private sector’s strong partnership and Chamber to Chamber relation.
Acting President of Dhaka Chamber MonowarHossain said Bangladesh is a suitable place for investment. He said regular exchange of business delegation, B2Bs with the SMEs of Bangladesh and Kenya and regular trade exhibition will open up new window of opportunities. If the private sector and public sector of both the countries can work together with shared objectives, we can create more bilateral trade and investment opportunities enhancing the insignificant bilateral trade of only USD24.80 million.
DCCI Director KhairulMajid Mahmud said that in Bangladesh huge infrastructure development is going on. He urged Kenyan importer to import jute and jute goods from Bangladesh. He also stressed on contract farming over there, requested to establish Kenyan mission in Dhaka, direct air connectivity between Dhaka and Nairobi and easing visa processing.
Tareque Muhammad, High Commissioner of Bangladesh in Nairobi and Members of the Board of Directors of DCCI were also present during the meeting.