Welcome from Marco Forgione - Director General, Institute of Export & International Trade
After 47 years of close political and economic alignment, the UK’s departure from the European Union on 31st January 2020 will require it to move swiftly to develop business and trading partnerships as an independent nation.
One of the main opportunities is for the UK to form new relationships with the rapidly growing and developing nations in Africa. The UK Government’s commitment to Africa was made clear with the UK Africa Investment Summit hosted in London on 20th January 2020. Africa has eight of the 15 fastest growing global economies. To date the UK has signed trade agreements with 11 African countries and legislated for a trade preference scheme with a further 35 African countries.
Kenya will therefore be a significant partner for the UK. In 2021, Kenya exported £321 million worth of goods to the UK and imported goods worth £384 million, and several UK companies already operate in Kenya including Barclays, British Airways, GlaxoSmithKline and Diageo.
It has a respectable ‘Ease of Doing Business In’ ranking of 56 and the region’s largest GDP of US $99.3 billion as of 2021. With English widely spoken, regular flights to the UK, and a shared history, there is no reason why British businesses shouldn’t be trading more with Kenya.
Kenya is looking to diversify its economy away from a reliance on fossil fuels and hydroelectricity and is making significant investments in solar, wind and geothermal energy. UK expertise in the energy sector, especially renewable and green energy, will be highly sought in supporting this diversification.
The IOE&IT believe that there are significant opportunities for UK businesses to trade with Kenya, and our training and education programmes will ensure that your business
strategy and operational plans meet with compliance, customs, trade policies, and protocols.
Through our certified and accredited programmes, we help ensure that you mitigate any trade risk and avoid disruption allowing you to focus on growing your market.
Director General of the Institute of Export & International Trade
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