Japan, Kenya seal investment agreement

NAIROBI, (CAJ News) – JAPAN and Kenya have reached an agreement in principle on the Japan-Kenya Investment Agreement.

Kenya, which spearheads the East African region both politically and economically, with its steady economic growth at an annual average rate of 6 percent, enjoys investment increase by the Japanese private companies in te recent years.

This agreement is aimed at improving the legal stability with respect to the investment, and is expected to promote mutual people-to-people exchanges in tandem with bilateral investment as well as to bolster economic relations between the two countries.

Japan will continue to promote Japanese companies’ investment in Africa towards the Sixth Tokyo International Conference on African Development (TICAD VI) to be held in Nairobi, Kenya in August this year.

Japanese Prime Minister, Shinzo Abe, and William Ruto, Vice President of Kenya, confirmed in June 2013 to launch a preparatory meeting for the start of negotiations on the investment agreement between the two countries.

CAJ News

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