President Kenyatta challenged Kenya’s private sector to diversify its exports and to also tap into new investment opportunities in Mozambique, including in the lucrative mining, oil and gas sectors.
The President said Kenyan cement companies have now started importing coal from Mozambique, which also has vast deposits of natural gas, indicating that trade between the two countries is growing.
He also invited companies and traders from Mozambique to invest in Kenya’s expanding economy which is open, safe and friendly for business.
The two leaders said improvement in infrastructure will boost Intra-Africa trade, which is still very low.
President Kenyatta said he will work closely with President Nyusi for the successful implementation of all agreements signed between the two nations.