In a bid to boost bilateral relations and tap into existing investment prospects, Kenya and the Czech Republic have pledged to collaborate closely. President William Ruto, during a meeting with Czech Republic Prime Minister Petr Fiala at State House, Nairobi, revealed that the two nations were on the verge of signing a negotiated economic agreement that would grant Kenya access to duty-free and quota-free markets.

President Ruto emphasized the importance of fostering an equal partnership to ensure mutual benefits. He lauded the Czech Republic’s “Look Africa Policy” and underlined the abundant natural resources, skilled human capital, and rich biodiversity present in Africa. This policy, according to Ruto, aligns perfectly with Africa’s potential for economic growth.

During the meeting, the President encouraged Czech businesses to invest in Kenya, highlighting various sectors ripe for investment. These sectors included pharmaceuticals, textiles, agro-processing, hospitality, fintech, green energy, ICT, health, and the manufacturing of industrial parts and machinery. He also proposed the establishment of a commercial hub in Kenya, offering access to the broader African market.

Czech Prime Minister Petr Fiala, accompanied by Czech investors, expressed his country’s commitment to deepening ties with Kenya. He emphasized the rich history shared by the two nations and the need to increase trade and investment volumes. Key areas of cooperation discussed during the meeting included organized labor mobility, knowledge and skill transfer in healthcare, education in science and technology, climate action, wildlife conservation, and peace and security.

This meeting between President Ruto and Prime Minister Fiala marks a significant step towards strengthening diplomatic and economic relations between Kenya and the Czech Republic, potentially fostering increased investment and collaboration in various sectors.