President Ruto Overseas Kenya National Chamber of Commerce and Industry Trade Partnership with South Korea

President Ruto Overseas Kenya National Chamber of Commerce and Industry Trade Partnership with South Korea

Seoul,  November 23rd, 2022: The Kenya National Chamber of Commerce and Industry (KNCCI) has partnered with two Korean organizations.

The KNCCI signed a Memorandum of Understanding (MOU) with the two Korean organizations during the Kenya-South Korea Business Forum held at Chrystal Roomlette Hotel in Seoul.

The signing was witnessed by the President of the Republic of Kenya Dr. William Ruto, who is the patron of KNCCI.

The first MOU was signed with the Korea Institute of Procurement (KIP), a specialized research institute of public procurement in Korea.

The MoU signed by KNCCI president Mr. Richard Ngatia and KIP President Mr. Myungki Baek aims to enhance collaboration in sustainable agricultural ecosystems that enhance food security and nutrition through the adoption of modern agricultural technologies.

The MoU was cemented following partnership discussions that were progressed when KIP leadership visited KNCCI earlier in the year.

Kenya Chamber of Commerce and Industry President Hon Ngatia Richard with the Trade CS Moses  Kuria in South Korea at a high business forum which is aimed at strengthening the bilateral trade between Kenya and south Korea 롯데호텔서울 Lotte Hotel Seoul.

The second MoU was signed with SDG Youth, a global organization that promotes the realization of sustainable development goals through the participation of young people.

The MoU signed by Ngatia and SDG Youth Chair Mr. Juyong Kim, aimed at improving cooperation in the sustainable development goals in particular targeting decent job creation, entrepreneurship, and innovation for youth empowerment.

Earlier this year the SDG Youth hosted a KNCCI delegation led by Chamber Vice President Dr. Erick Rutto that participated in the RECARE Health Summit in Korea.

The Kenya-South Korea Business Forum held today, Wednesday, November 23, 2022, under the theme, “Unlocking Trade and Investment Opportunities between Kenya and South Korea” was attended by business leaders and captains of Industry from both Kenya and Korea.

Also present in the business forum was the Ambassador of Kenya to the Republic of Korea Mwende Mwizi and Kenya’s Cabinet Ministers for Trade, Investment & Industry Moses Kuria, Mithika Linturi of Agriculture & Livestock, EliudOwalo (ICT & Digital Economy), Kipchumba Murkomen of Roads & Transport together with Susan Nakhumicha of Health and Alfred Mutua of Foreign Affairs.

Chamber President Mr. Richard Ngatia invited Kenyan and Korean businesses to build on the momentum of the forum’s discussions and the newly established partnerships to leverage greater business opportunities. He invited Korean companies to invest in Kenya, particularly in the promising sectors of; healthcare, infrastructure, agriculture, energy, and ICT.