Kenya to export 100,000 livestock to Indonesia annually

Nairobi – President William Ruto has announced that Kenya is looking at exporting at least 100,000 livestock to Indonesia every year. 

Speaking during a joint brief at State House, Nairobi, the head of state said Kenya and Indonesia are ready to work together in several sectors to enable the two countries to benefit largely. 

“Let me say here that the great country of Indonesia expects our Kenya livestock sector to export at least 100,000 every year, as there is an opportunity for the private sector to facilitate that, ” he said. 

Ruto added that there will also be an opportunity for Indonesia to set up a crude palm oil refinery in Kenya. 

“This will make sure we not only facilitate palm oil from Indonesia to Kenya but to also the region, as they are real opportunities for investments,” he noted.

The two leaders also signed six Memorandums of Understanding in sectors like oil and gas, pharmaceuticals, edible oils, and agriculture. 

“These value addition ventures will catapult the value of our trade relations and leverage on the comparative advantage of Kenya and Indonesia,” he said. 

Additionally, the head of state said they discussed the importance of entering a Bilateral Investment Treaty that will provide a stable and predictable investment environment which is a preconditionfor accelerated Private Secretor Investment.

“We have tasked our joint teams to finalize the elaboration of this instrument within the next 90 days.”