On 15 September, the president of CEOE International, Marta Blanco, met the new ambassador of the Republic of Kenya in Spain, Michael A. O. Oyugi. The second advisor, David Maina, and the commercial and technical assistant, Kamau Githure, from the Embassy of the Republic of Kenya in Spain, as well as Miguel Brunete, CEOE International’s Africa technician also participated in the meeting.
The meeting assessed the implications for foreign diplomacy of the formation of the new Government of the Republic of Kenya, as were its economic and business vision and priorities.
Attendees also stressed the importance of boosting bilateral business cooperation between the two countries in sectors such as energy and transport infrastructure. To achieve this, they agreed to continue to work together on new initiatives and activities.
Kenya’s economy is highly developed and offers excellent trade and investment opportunities. For more than a decade, its GDP growth rates have been around 5% and, after the pandemic, its income rose 7.5% in 2021. Due to this, Spanish investment in the country has been rising strongly, reaching 43.7 million euros in stock. All in, Spain is Kenya’s seventh-largest supplier and sixth-largest customer in the European Union; Spanish exports of capital goods and imports of food products from Kenya stand out.
Related news
A large delegation made up of Spanish business organisations and companies took part this Monday and Tuesday, 9 and 10 September, in two high-level meetings with representatives of the Chinese business world, as part of the official visit of the President of the Government, Pedro Sánchez, to the People's Republic of China.
Even though China is our main trading partner in Asia, Spanish companies still have a long way to go to take advantage of the great business and investment opportunities offered by the Chinese market.
The Ibero-American Secretary General, Andrés Allamand; the President of the CEOE, Antonio Garamendi, and the President of the Ibero-American Arbitration Centre-CIAR, Javier Íscar, inaugurate a conference at the CEOE on Ibero-American arbitration. They stress the importance of continuing to support arbitration as an effective and safe instrument for resolving disputes in the region.
Business and investment opportunities in Medellin and the Metropolitan Area were assessed for the Spanish companies with interests in the area.