The European Union has today announced a funding of Euro 25 million to TradeMark Africa (formerly TradeMark East Africa) to facilitate a five-year programme that will boost Kenya’s exports and support the Government in creating a conducive trade environment. Moreover, the programme will aim to create a more environmentally sustainable export eco system that will reduce the carbon footprint of exports. The European Union Ambassador to Kenya H.E Henriette Geiger and TradeMark Africa’s Chief Executive Officer Mr. David Beer signed the agreement in the presence of Kenya’s Cabinet Secretary for Investments, Trade and Industry Hon. Moses Kuria during the ongoing EU-Kenya Business Forum that’s is taking place in Nairobi. The programme, named Business Environment and Export Enhancement Programme (BEEEP), will build on interventions already supported by the Government of Kenya and will complement the goal of the Integrated National Export Development and Promotion Strategy (INEDPS) that seeks to grow Kenya’s agricultural exports. The goal is to close the negative balance of trade through export growth, factor productivity and stimulating economic development and job creation, in a sustainable and inclusive manner. Commenting about the programme before the ceremony, European Union Ambassador to Kenya Henriette Geiger said; “With BEEEP everything comes together, the private sector, the government and financing institutions. We are happy to support the Kenyan government in achieving a sustainable growth of its exports, including greening of transport and logistics. BEEEP aligns fully with our Global Gateway Strategy. The EU support to creating a more conducive business environment both at national...
European Union invests Euro 25 million to Spur Kenya’s Exports
Posted on: February 21, 2023
Posted on: February 21, 2023