Kenyatta holds bilateral talks with Singapore Premier


President Uhuru Kenyatta on Friday held bilateral talks with Singapore Prime Minister Lee Hsien Loong where the two leaders agreed to boost trade and cooperation between Kenya and the Asian nation.

Presodent Kenyatta, who is attending the Singapore Summit 2019, said  Kenya and Singapore have led the way in developing Afro-Asian relations.

The Singapore Summit, started in 2012, is one of the foremost events that  brings together business and thought leaders from Asia and around the  world to discuss global trends in business and geopolitics. 

President  Kenyatta is the keynote speaker at the event.

He cited the recent hosting in Nairobi of the first Afro-Asian Fintech Festival which was co-sponsored by the Central Bank of Kenya and its Singaporean equivalent — the Monetary Authority of Singapore.

He  noted that in June 2018, the Enterprise Singapore Overseas Office was  launched in Nairobi to promote trade between the two countries.

Kenyatta said Kenya looks at Singapore as a “role model for what can be achieved through conscientious planning, diligent execution of people-centric  policies, and the unwavering commitment to eliminating graft and  inefficiency.”

“Taking  heed of the examples set by Singapore and other Nations that have  emerged from low-income nation status, Kenya has embarked on a  transformative agenda to turn our Country into a newly industrializing  middle-income country by the year 2030, through implementation of the  Kenya Vision 2030,” said Kenyatta.

He said his administration has picked four main areas from the Vision 2030 to increase its focus in the short-term. 

He called on Singapore and other Asian countries to invest in Kenya’s big four agenda areas of focus that include affordable housing, food security, jobs creation through promotion of manufacturing, and  universal health coverage.

“Exciting  opportunities abound for Singaporean, Asian and other Business and  Investment players in those four areas,” said the President.

 Kenyatta  called for investments in Kenya’s plan to build new metropolitan areas  and to expand existing ones in order to build 500,000 new housing units  and their attendant supporting infrastructure by the year 2022.  

He  also called on Singaporean investors to partner with Kenya in the broad  expansion of Agricultural Sector and Processing through the utilization  of new technologies and techniques.

“To  Singapore, Asia and the rest of the World, our Nation’s message is:  Kenya is open for business and investment for players with a strategic  interest in tapping into one of Africa’s fastest growing economies as  well as the enormous potential of the entire Eastern and Central Africa  Region,” said Kenyatta.

He proposed the establishment of a Joint Trade Committee to enhance bilateral trade and investment ties. 

Prime Minister Lee said Singapore is keen on increasing its cooperation with Kenya and was also very interested in learning from African nation's experience  in harnessing mobile money technology to enhance economic inclusion.

PM  Lee said Singapore will support Kenya in improving the efficiency of its ports as the East African nation positions itself to serve the eastern and central African region effectively.


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