Kenya's Deputy President Spearheads Economic Engagement in Germany, Paving the Way for Bilateral Growth
enya's Deputy President Spearheads Economic Engagement in Germany, Paving the Way for Bilateral Growth
Kenya's Deputy President, H.E. Rigathi Gachagua, embarked on a strategic visit to Germany, reinforcing ties and carving a pathway for economic collaboration between the two nations. With a focus on harnessing the potential of the Kenyan diaspora and fostering economic opportunities, Gachagua's visit sought to enhance bilateral relations, particularly in the trade and investment landscape.
Exploring Investment Opportunities
At the heart of Gachagua's mission was the recognition of the significant contribution of the Kenyan diaspora to the country's economy. Acknowledging their role as the primary source of foreign exchange, the Deputy President highlighted the importance of establishing direct connections between the diaspora and the government. The establishment of the State Department for Diaspora Affairs stands as a testament to the administration's commitment to addressing concerns and streamlining services for Kenyans residing abroad.
Job creation
Trade between Kenya and Germany has been steadily growing over the years, and the Deputy President's visit aims to further enhance this relationship. By fostering stronger trade ties, both countries can benefit from increased exports and imports, leading to economic prosperity and job creation.
Collaboration in Technology and Innovation
Furthermore, Gachagua underlined Kenya's commitment to structural adjustments in policies and regulations to attract increased Foreign Direct Investment (FDI). The Deputy President's discussions with various business leaders in Germany revolved around investment prospects in crucial sectors such as renewable energy, agriculture, education, information technology, manufacturing, and the blue economy. This proactive engagement aimed at not only boosting the Kenyan economy but also aligning with global development goals such as the UN's Agenda 2030 and the African Union's Agenda 2063.
Kenyan warehouse in Germany
A pivotal focus of the visit was the discussion on the impressive increase in coffee exports to Germany. Highlighting the country's role as a significant market for Kenyan coffee, Gachagua explored strategies to further strengthen this relationship. Dialogue with key figures like Philipp Wacker of Voller Group GmbH paved the way for potential collaborations, including the establishment of a warehouse in Germany. This strategic move is poised to revolutionize the distribution of Kenyan coffee, catering to a broader consumer base, from large-scale buyers to smaller consumers, thereby contributing to the planned reforms in the coffee subsector.
Inclusivity in development
Gachagua's visit to Germany encapsulated a forward-looking approach, not just to strengthen economic ties but also to ensure inclusivity in development. By addressing the concerns of the diaspora, fostering investment opportunities, and strategizing for enhanced trade relations, the Deputy President's visit stands as a testament to Kenya's commitment to economic growth and global partnerships.
The "Kenya we want"
As Kenya aims for ambitious growth in various sectors, Gachagua's engagements in Germany echoed a vision of collaboration, growth, and inclusivity, reflecting the aspirations of the "Kenya We Want" - a nation where no one is left behind.