Kenya and Spain must, as matter of urgency, jointly establish an enabling business environment to facilitate enhanced trade and investment between the two countries.
Making the remarks a director of the Kenya National Chamber of Commerce and Industry, Mr. James wanjohi says this will create an opportunity for Spanish to leverage their expertise and knowledge in the promotion of diplomatic ties between the two nations.
Mr. Wanjohi was speaking in Madrid, Spain, during a B2B Kenya-Spain Business Forum in which he showcased the diverse business opportunities that exist between the two nations. “We recognize the importance of strengthening trade ties between our two nations and exploring new avenues of cooperation,” he explained.
He underscored the importance of collaborations so as to promote entrepreneurship, innovation, so as to build long-lasting and mutually beneficial partnerships.
“I am confident that the discussions and deliberations at this forum will pave the way for greater economic cooperation between our two countries. Together, we can unlock new opportunities, create jobs, and drive inclusive growth for the benefit of our people,” he noted. He identified key sectors of collaboration as renewable energy generation, such as solar, wind, and geothermal energy, tourism the technology such as artificial intelligence, blockchain, and the Internet of Things. He added that Kenyan businesses can benefit from Spanish technological expertise, while Spanish businesses can tap into the vibrant and growing tech scene in Kenya.
He called for continuous dialogue and engagement between the two nations to promote business partnerships and collaboration.
He said Kenya offered a number of advantages for Spanish investors as the country is the gateway to East and Central Africa, offering numerous business opportunities for expansion to the entire African continent.
“We must focus on expanding our trade volume, promoting investment opportunities, and encouraging joint ventures between our respective business communities,” he concluded.