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Ramaphosa to address SA-Kenya Trade and Investment Business Forum

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President Cyril Ramaphosa will on Tuesday address the South Africa-Kenya Trade and Investment Business Forum, in Pretoria.

Kenyan President Uhuru Kenyatta is expected to attend the event.

The business forum is aimed at increasing bilateral trade and investment between the two countries.

Kenya is a strategic trading partner for South Africa given its geo-political location and influence within the East African region.

Total bilateral trade between the two countries increased from R8.4 billion in 2016 to R11.6 billion in 2019, before decreasing to R7.7 billion last year due to COVID-19.

South Africa is looking to boost its trade and investment relations with several African countries, in the wake of COVID-19.

Right on the heels of the Intra- Africa Trade Fair, government this week will host business forums with both Kenya and the Democratic Republic of Congo (DRC).

Kenya is South Africa’s largest trading partner outside the Southern African Development Community (SADC).

Both countries are looking to increase bilateral agreements in areas such as trade, economic cooperation, agriculture, sports, science, Home Affairs, technology and education.

VIDEO: Kenyatta arrived in South Africa on Monday:

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