Details Of MoU Signed By Kenya and UK
MoU signed by Kenya and UK to Promote market access and business integrity.
The memorandum of understanding sighed by Kenya and the United Kingdom will promote market access and business integrity between the two nations.
The MOU was signed by the Ministry of Investments Trade and Industry (MITI) and the British Chamber of Commerce Kenya (BCCK).
The memorandum of understanding will enable continuity to the long-term business integrity initiative that provides guidance for doing business, manages the integrity index and promotes Kenya as a trusted UK trading partner.
The UK Prime Minister’s Trade Envoy, Theo Clarke MP witnessed the signing of the MOU.
The MOU enables MITI and BCCK to identify and recommend areas for reform in Kenya’s business regulatory environment.
Through this MOU, both organisations will be knowledge partners who will be feeding back to government data and insights around integrity issues impacting trade and investment.
The MoU will be operationalised through an engagement programme between key public sector bodies including KRA, KEBS, Customs, EACC, the Judiciary and the private sector.
During the signing event, PS Abubakar Hassan Abubakar for Investment said the MOU provides a framework for developing targeted strategies to build trust with our international trade partners.
Guidance on doing business, managing the Business Integrity Index, support peer-to-peer networking and promote Kenya as a trusted trading partner for the UK will be provided by the continued collaboration between BCCK and the Ministry’s Department of Business Reforms and Transformation (DBRT).
Theo Clarke said that promoting integrity in partnership with the Government of Kenya will create a favourable environment for trade and investments.
According to BCCK chairperson Sonal Tejpar the Chamber and members are committed to working with Kenyan authorities to improve the trade landscape.
Clarke is on a three day mission in Kenya. She has visited Nairobi Railway City, alongside Managing Director of Kenya Railways Philip Mainga.
