Egypt, Kenya Announce Formation of Bilateral Egyptian-Kenyan Business Council

High-profile government and business leaders revitalized a key African trade and investment relationship Tuesday at the Kenya-Egypt Business Forum in Nairobi, sponsored by Qalaa Holdings. The one-day summit concluded with an announcement that the two countries had formed a new permanent bilateral council to promote trade and investment.

The high-profile gathering saw companies from Egypt accompany Egyptian Foreign Minister Sameh Shoukry and Minister of Trade and Industry Mounir Abdelnour to Nairobi for talks with of their Kenyan counterparts, who were led by Kenya Cabinet Secretary for Foreign Affairs Amina Mohamed.

Speaking at yesterday's opening session, Foreign Minister Shoukry noted: "Kenya and Egypt share many things in common. We are at a similar level of development; we have a young population; we have an abundance of natural resources and our governments have big visions for our future. We have the potential for a win-win collaboration because of our deep similarities."