According to President William Ruto, Kenya is considering Singapore’s strategic location in Southeast Asia as a gateway to its products
This insight was made at State House in Nairobi while in the presence of Singapore’s Prime Minister, Lee Hsien Loong. The Kenyan President said the move is guided by the Government’s commitment to expanding markets for its agricultural produce and that South Asia offers Kenya a unique and massive opportunity to sell its goods.
Ruto invited Singapore’s private sector to invest in the African country’s under-exploited transport and logistics sector, a move that will check the low trade volumes and reduce the current trade deficit to Singapore.
This announcement was also made following the two leaders witnessing the signing of MoUs on ICT, climate change and skills development. Ruto remarked that the ICT agreement will facilitate cooperation on cybersecurity, digitisation of Government services and ICT capacity building. The agreement on skills development will facilitate collaboration in human resource capacity building for civil servants and students while the climate change pact will build collective action to deal with the crisis.
Loong commented, “Our ties have been growing. We will further this by pursuing more economic opportunities that will stimulate our shared prosperity.”