Kenya-UAE trade rises to Sh400 billion

The signing of seven MoUs in January by President William Ruto and UAE ruler Sheikh Mohammed bin Zayed Al Nahyan, has cleared the path for more economic and investment opportunities...
✨ Key Highlights
Bilateral trade between Kenya and the United Arab Emirates (UAE) reached Sh400 billion in 2023, with further growth anticipated following a Comprehensive Economic Partnership Agreement (CEPA). President William Ruto and President Sheikh Mohamed bin Zayed Al Nahyan of the UAE signed seven Memoranda of Understanding (MoUs) earlier this year, paving the way for increased economic cooperation and investment.
- Trade between Kenya and the UAE hit $3.4 billion (Sh400 billion) in 2023, making the UAE Kenya's top trading partner in the Gulf region and third-largest globally.
- President Sheikh Mohamed bin Zayed Al Nahyan is expected to visit Kenya before December 2024 to further cement trade and work relations.
- The CEPA aims to eliminate tariffs on over 80 percent of traded goods, with Kenya targeting a 40 percent increase in exports to the UAE within five years.
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