Bangladeshis urged to invest in Kenyan agro, ICT sectors

Director General of Bilateral and Political Affairs Ambassador Moi Lemoshira urged Bangladeshi investors to invest in agriculture and ICT sectors in Kenya.

Such investment will give them an access to other African countries since the country is a member of Common Market for Eastern and Southern Africa (COMESA) and East African Community (EAC).

He made the remarks while addressing a meeting with Dhaka Chamber of Commerce and Industry (DCCI) on Monday.

A 10-member government delegation led by Ambassador Moi Lemoshia joined the meeting with Dhaka Chamber at DCCI’s Gulshan Centre.

He also proposed to establish a joint trade commission to accelerate bilateral trade and to identify the bottlenecks.

Kenya’s economy is SME-driven and so is Bangladesh’s. Therefore, he suggested joint collaboration between the SME sectors of both the countries.

For technology transfer and training he urged for private sector’s strong partnership and Chamber to Chamber relation.

Acting President of Dhaka Chamber Monowar Hossain said Bangladesh is a suitable place for investment.

He said regular exchange of business delegation, B2Bs with the SMEs of Bangladesh and Kenya and regular trade exhibition will open up new window of opportunities.

“If the private sector and public sector of both the countries can work together with shared objectives, we can create more bilateral trade and investment opportunities enhancing the insignificant bilateral trade of only USD24.80 million,” he said.

DCCI Director Khairul Majid Mahmud said in Bangladesh huge infrastructure development is going on.

He urged Kenyan importers to import jute and jute goods from Bangladesh. He also stressed contract farming over there, establishing Kenyan Mission in Dhaka, direct air connectivity between Dhaka and Nairobi and easing visa processing.

Tareque Muhammad, High Commissioner of Bangladesh in Nairobi and Members of the Board of Directors of DCCI, was also present at the meeting.