The first European Union-Kenya Business Forum concluded this Wednesday in the capital, Nairobi. The forum brought together for two days more than 500 participants ranging from politicians, business executives, experts and diplomats.
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On Tuesday, Kenya’s president, William Ruto, participated in the signing of an EU funding package for TradeMark Africa to facilitate a five-year programme that will boost Kenya’s exports and support the government in creating a positive business environment.
The funding package is worth $27 million dollars bringing together both the public and private sectors of Kenya alongside European financing institutions with the overall aim of achieving a sustainable growth of exports, including transport and logistics.
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At the moment, the European Union is the largest destination for Kenya’s exports. In 2021, European markets accounted for $1.3 billion dollars worth of products.