Kenya-India Sign Multi-million Dollar Trade Agreements

Kenya-IndiaEVENT SUMMARY

Indian Prime Minister Narendra Modi arrived in Nairobi on Sunday for a 2-day state visit.

President Uhuru Kenyatta and Indian Prime Minister witness the signing of a total of seven trade deals amounting to $44.4 million.

  1. Revised Agreement on Avoidance of Double Taxation
  2. Dollar Credit Line Agreement between Exim Bank and Republic of Kenya to finance Small and Medium Enterprises ( US$ 15 million)
  3. Dollar Credit Line between Exim Bank and Government of Kenya to upgrade Rivatex ( US$ 29.95 million)
  4. Bilateral Agreement on Exemption of Visa for Diplomatic Passport holders
  5. MoU on Defence
  6. MoU on Cooperation in the Housing Sector
  7. Mou between Kenya Bureau of Standards and Bureau of Indian Standards

President Uhuru Kenyatta hailed Kenya and India cooperation saying the two countries have long-standing ties/bond.

President Kenyatta also described India as a true and trusted partner who is ready to share its development experiences, expertise and capacities to assists Kenya development agenda.

In a statement, Kenyan leader Uhuru Kenyatta said that the bilateral deals between his country and India will boost cooperation tourism, defense, immigration, trade and agriculture.

India also offered to fund the construction of a cancer hospital in Kenya.

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