Egypt circles EPRDF, Kenya to host Egyptian President Abdel Fattah el-Sisi

0
514

February 18, 2017

Kenyan President Uhuru Kenyatta will on Saturday host his Egyptian counterpart in President Abdel Fattah el-Sisi’s first state visit to Kenya by a sitting Egyptian Head of State.

El-Sisi will be received by President Kenyatta at State House, Nairobi, where the two leaders will lead their delegations in bilateral talks aimed at bolstering cooperation between Kenya and Egypt.

The total volume of trade between Kenya and Egypt stood at about Ksh 45 billion (Approximately $450 million) in 2015 while the highest value was approximately Ksh 59 billion (Approximately $597 million) in 2012, according to official statistics.

Kenya’s total exports to Egypt were valued at approximately Kshs 20 billion with a negative trade balance of Kshs 5.6 billion in 2015, Africa Review reports.

These exports comprise a limited number of products dominated by tea at 96 per cent of the total exports to Egypt. Egypt is the second largest importer of Kenyan tea. However, there has been a decline in tea exports over the last few years.