Africa: South Korea to use Kenya as a gateway to trade in sub-Saharan Africa



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By Njenga Hakeenah

South Korea has agreed to use Kenya as a gateway to trade to sub-Saharan Africa and is committed to working closely with the government to implement the Big Four Agenda

. Uhuru Kenyatta and the Prime Minister of the Republic of Korea, Lee Nak-Yeon, spoke to strengthen Korea's role in Kenya's economy.

Nak-Yeon, who visits the country for two days, is accompanied by more than 70 business leaders. Kenya has been the gateway to East African countries, particularly Uganda, Rwanda, South Sudan and Burundi.

President Kenyatta and Nak-Yeon met at State House, Nairobi. where the Asian economic giant is a leader as technology and the blue economy.

South Korea, which directs navigation, has agreed to help Kenya develop its nascent sector. This will complement efforts to link Kenya as a gateway to trade with other countries such as Ethiopia through the LAPSSET project

Prime Minister Nak-Yeon said his country was also ready to support the development of the fishing industry in Kenya. its market for fishing from Kenya. Nak-Yeon added that Korea would open its market to Kenyan agricultural products such as coffee, tea and flowers.

Korea offered to badociate with Kenya in the development. The Prime Minister revealed that Korean phone manufacturing companies are ready to set up factories in Kenya and transfer their technology and skills. He added that Korea was also ready to share its health care experience with Kenya as it sought to achieve universal health coverage.

He added that Korean companies have the necessary expertise to help Kenya realize its dream. The businessmen who accompany me are all looking for business opportunities in Africa and especially in Kenya, "said Prime Minister Lee

.

The President Kenyatta said that Kenya and Korea have similarities, as they are both countries with human capital and can benefit from a stronger partnership.

He praised Korea's support for the creation of Science and Technology (KAIST) in Konza, an institution aiming to improve the quality of higher education in science and technology.

"Promotion of excavation Italian society is a fundamental priority of my government, as seen in the current e-government agreement, to establish a government-Korea-Kenya cooperation center in Nairobi, "said Kenyatta President Monica Juma and her counterparts Amina Mohamed (educ ation), Joe Mucheru (ICT) and Charles Keter (energy).

This is the first high level engagement of Kenya and the Republic of Korea under President Moon Jae-in's new administration.

Earlier in the day, the Korean Prime Minister participated in a business forum between Korea and Kenya at the Kempinski Hotel in Nairobi.

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