Question to the Foreign, Commonwealth & Development Office:
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what plans he has to promote economic cooperation between the UK and Kenya.
Mutual Prosperity is one of the five pillars of the UK-Kenya Strategic Partnership. Bilateral trade, currently standing at £1.2 billion annually, should be boosted by the UK - Kenya Economic Partnership Agreement. The UK is one of Kenya's largest foreign investors, particularly in the climate sector. In 2021, the outward stock of foreign direct investment from the UK in Kenya was £489 million. The Prime Minister met President Ruto at COP27 where they agreed a major package of UK green investments and to fast track six green projects worth £3.4 billion. The UK-African Investment Summit 2024 is also a significant opportunity to further increase our trade and investment collaboration.