The Kenya Private Sector Alliance (KEPSA) and the Canada-Africa Chamber of Business (CACB) have signed a collaboration to promote, support and facilitate bilateral trade and investment opportunities. The first engagement will be a virtual trade mission to Kenya from Canada in May.
The three -year memorandum of understanding ( MoU) was signed between the second session of the Binational Commission meeting between the governments of Kenya and Canada. It is subject to ongoing renewal. “This MoU will solidify the existing trade relations between Kenya and Canada and establish strong bonds between the two countries that will go a long way to boost private sector trade and investment. The MoU will also enable us to exchange business information with CACB which is critical especially to our members who wish to expand their coverage to international market,” explained Ms. Carole Kariuki Karuga, chief executive officer, KEPSA.
CACB is a twenty seven year old organization committed to accelerating trade, business and investment between Canada and Africa. “Nairobi is a vital gateway not just to Kenya and the region, but the continent’s economies of the future in Africa,” noted Garreth Bloor, CACB president.
‘KEPSA is world leader in the private sector, showcasing excellence on the global stage. This MoU is a great honour for the CACB, our leadership, and all our members across Canada,’ said Deepak Dave, the organization’s long-standing representative in Nairobi and chief risk officer at the African Trade Insurance agency. “The agreement between CACB and KEPSA seeks to increase two-way trade and investment between Canada and Kenya in all sectors – while laying the foundation to explore trade missions to Kenya by CACB and to Canada by KEPSA,” said Sebastian Spio-Garbrah, chair of CACB.
Guided by this MoU, CACB and KEPSA will work together on a case-by-case basis exploring events together and exchange of business information. “KEPSA remains committed to establishing progressive business and trade partnerships with Canada and other similar minded parties for the mutual benefit of our members as well as those of our CACB counterparts,” said Ms. Karuga.