“With the discovery of viable oil deposits in the country, Kenya has been working on developing her commercial oil production and such co-operation will go a long way towards achieving that target,” Kenya's State House said.
Nigerian President Muhammadu Buhari will on Wednesday January 27, embark on his 3-day State visit to Kenya to discuss among other things, trade relations between the two nations.
The President of the Federal Republic of Nigeria will be received at Eldoret International Airport by his host President Uhuru Kenyatta to a full State reception including a 21-gun salute.
Honoring the gallant soldiers who died in Somalia
Kenya’s State House itinerary revealed that the two presidents will thereafter proceed to the 9th Kenya Rifles, Moi Barracks, Eldoret where they will be joined by Somalia’s President Hassan Sheikh Mohamoud for a special inter-denominational service to celebrate the lives of the gallant soldiers fallen in Somalia. The soldiers perished during the El-Adde Al-Shabaab attack on Friday, January 15.
About Kenya -Nigeria Trade Relations
In July 2015, the two countries concluded an agreement for the establishment of a Joint Commission for Cooperation.
The Agreement established an enabling framework for enhancing bilateral cooperation in areas of mutual interest including, Trade, Tourism, Education, Energy, Agriculture and Technical cooperation.
Before Buhari came to power, these agreements were signed in April 2015 following the visit to Kenya by his predecessor Goodluck Jonathan in September, 2013. President Kenyatta later visited Nigeria in May 2014. During these visits, a number of Agreements and Memoranda of Understanding on cooperation in a number of fields including Agriculture, Tourism, Oil and Gas, Immigration and Trade, were signed,” a statement from State House read.
Notable among the agreements was the signing of the Memorandum of Understanding on oil and gas matters between the two countries in 2014.
“With the discovery of viable oil deposits in the country, Kenya has been working on developing her commercial oil production and such co-operation will go a long way towards achieving that target,” State House said on Tuesday January 26, a day ahead of Buhari’s visit.
Warm and mutual trade relations between Kenya and Nigeria have enabled a number of Nigerian companies to set base in the country.
“GZ Industries, which has invested in a can-manufacturing facility in Kenya, and the Dangote Group, which is in the process of setting up a cement factory in Kitui, are two examples of major Nigerian companies that have ventured in the country,” Manoah Esipisu State House Spokesperson recapped at a State House press briefing on Tuesday.
Others include Guaranty Trust Bank, United Bank of Africa and Eco-Bank.
The growth of business between Kenya and Nigeria has enabled Kenya Airways to operate six flights per week to Lagos and three flights a week to Abuja.
It is these areas of cooperation that President Buhari’s visit to Kenya is expected to bolster.
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