The deal focuses on key sectors, including logistics, healthcare, travel, and tourism
A trade deal between the UAE and Kenya has been successfully concluded, aiming to stimulate investment in logistics, healthcare, travel, and tourism sectors between the two nations. The agreement, known as the Comprehensive Economic Partnership Agreement (CEPA), will facilitate improved market access for businesses on both sides, as reported by the Emirates News Agency (WAM). Additionally, the infrastructure and ICT sectors will experience positive effects from increased investments. The deal also establishes a platform for collaboration and expansion of small and medium-sized enterprises in both countries.
Kenya’s economy demonstrated a real annual GDP growth rate of 5 percent in 2023, surpassing the 4.8 percent growth of the previous year. The services sector, accounting for 53.6 percent of Kenya’s economy, and the agriculture sector, representing approximately one-quarter of the national…