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Kenya eyes increased exports to Slovakia

Staff Writer |
Kenyan President Uhuru Kenyatta expressed optimism that the country's exports to Slovakia will increase following President Andrej Kiska's State visit to Kenya.

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The balance of trade between Kenya and Slovakia is in favour of Slovakia and Kenyatta said Kiska's tour of tea and flower production centres during his visit to the country will boost export of the commodities to the Slovak Republic.

"We view this as an important step in bridging the trade gap between our two countries," he told journalists during a joint news conference in Nairobi after he held bilateral talks with Kiska.

The Slovak Republic is a high-income advanced economy with one of the fastest growth rates in the European Union. The economy has mainly been driven by Foreign Direct Investments (FDI).

Major industries in Slovakia include metal and metal products, paper and printing, food and beverages, electricity, gas, oil, nuclear fuel, transport vehicles, textiles, electrical and optical apparatus, rubber, and machinery.

Kenyatta said his government has undertaken a wide range of business regulatory reforms aimed at reducing the cost of doing business.

He said the Slovak Republic is also interested in providing scholarships to Kenyans - especially the underprivileged.

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