Kenya and South Korea business organisations have signed a partnership agreement to boost trade and investment.
The deal was signed by the Kenya National Chamber of Commerce and Industry, the Korea Institute of Procurement and South Korea’s SDG Youth.
The organisations agreed to prioritise investments that will fast track the realisation of the United Nations 2030 Agenda for Sustainable Development.
“We have agreed to pursue development-oriented policies that support job creation, entrepreneurship, creativity, innovation and encourage the growth of Micro, Small and Medium Enterprises,” the statement read.
The agreement also seeks to promote effective Public-Private Partnerships and address youth unemployment.
President William Ruto welcomed the country’s business community to invest in major sectors in transport, infrastructure, agriculture, health and ICT in Kenya.
He spoke on Wednesday in Seoul, South Korea during a business forum.
“Kenya has created an enabling environment to attract investors. We have tremendous human talent, you can get any skill you need,” Ruto said.