Kenya and Nigeria will launch five year business visas for business people operating in both countries to allow ease of doing business.
While signing various bilateral trade agreements in Nairobi president Uhuru Kenyatta of Kenya and Muhammadu Buhari committed to removing barriers to trade between the two countries.
They pledged to jointly fight corruption and insecurity in a bid to strengthen trade ties between the East and West African nations.
Kenya also announced that it will host the inaugural Kenya – Nigeria joint commission for cooperation later this year.
Kenya and Nigeria began the process of reviving investment and trade agreements signed eight months ago.
The two countries are keen on establishing a joint commission for cooperation aimed at boosting ties in trade, tourism,
security, agriculture and energy.
President of Kenya, Uhuru Kenyatta says, “The streaming of immigration issues particularly the issuance of the five year visas for our businessmen will invigorate our trade and business ties, the Kenya Nigeria joint trade commission for cooperation remains an important implementation and monitoring mechanism for the agreements that our two countries have signed.”
Buhari and Kenyatta pledged to cooperation in the war against terrorism and corruption.
Both countries are battling the threat of terrorism within their borders, Nigeria from Boko Haram and Kenya from the Al Qaeda linked militant group Al Shabab.
Buhari and Kenyatta pledged to cooperation in the war against terrorism and corruption.
Kenya has recently discovered oil in the North of the country and is seeking expertise from Nigeria, Africa’s largest oil producer.
President of Nigeria, Muhammadu Buhari says, “We congratulate Kenya for discovering oil and gas. There we believe with indigenous technology from Nigeria we will able to help, in other areas we are going to benefit from agriculture in Kenya.”
Official figures indicate that trade between Kenya and Nigeria stood at $190Million in 2013.
