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Kenya, East Africa’s largest economy, was one of the first African countries with which the UAE launched bilateral trade deal talks in 2022 as part of a strategy to diversify its oil-based economy
UAE Minister of Foreign Trade Thani Al Zeyoudi said that the United Arab Emirates (UAE) and Kenya have concluded a comprehensive economic partnership agreement (Cepa). Kenya, East Africa’s largest economy, was one of the first African countries with which the UAE launched bilateral trade deal talks in 2022 as part of a strategy to diversify its oil-based economy.
Non-oil trade between the Gulf state and Kenya reached USD3.1 billion in 2023, up 26.4 percent in 2022, Al Zeyoudi said. In 2023, UAE non-oil trade reached USD 3.1 billion, up 26.4% in 2022, and was now set to expand across sectors from food production & mining, to technology & logistics, the minister added.
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UAE has drawn up ambitious plans to accelerate its economic cooperation with Kenya in sectors including food production, mining, technology sharing, and logistics.
