• Latest
  • Trending
  • All
  • News

Kenya: Strong Kenya-Hungary Bilateral Ties Anchored on Trade, President Kenyatta Says

January 19, 2022

South Africa: We Can Beat Unemployment Through State Jobs Schemes, Says Former Treasury Official

May 25, 2022

Nigeria: Court Bars Lagos Govt, MC Oluomo, Others From Collecting Union Levies

May 25, 2022

Nigeria: No Plane Crash in Lagos – FAAN

May 25, 2022

Zimbabwe: ‘Allow Sale of Elephants to Reduce Illegal Trade’

May 25, 2022

Codehesion – The Android and iOS app development specialists

May 25, 2022

Nigeria: Akwa Ibom, Firm Seal Deal for 732mw Ibom Power Plant Expansion

May 25, 2022

Tanzania: Mpango Wants African Countries to End Trade Barriers

May 25, 2022

Nigeria: Citing Inflationary Concerns, CBN Raises Mpr to 13 Percent, First Increase in 30 Months

May 25, 2022

Get your company executives on Business Talk

May 25, 2022

Nigeria: To Tame Inflation, CBN Raises Official Interest Rate to 13 Percent

May 25, 2022

Have your say on ZADNA’s draft DNS licensing regulations

May 25, 2022

Nigeria: Explainer – What to Know About CBN’s Interest Rate Hike and How It Affects You

May 25, 2022
Retail
Wednesday, May 25, 2022
Subscription
Advertise
  • Home
  • Latest News
  • Business
  • Finance
  • Banking
  • Markets
  • Crypto
  • Corporate
  • Industry
  • Auto
  • VideosNEW
No Result
View All Result
Shava TV
No Result
View All Result

Kenya: Strong Kenya-Hungary Bilateral Ties Anchored on Trade, President Kenyatta Says

by News Room
January 19, 2022
in Business
369 12
A A
0

Nairobi — President Uhuru Kenyatta has hailed the strong bilateral ties between Kenya and Hungary saying the relationship is driven largely by economic cooperation, trade and investments.

At the same time, President Kenyatta regretted the low volumes of trade and investment flow between Nairobi and Budapest over the last five decades despite the existing huge commercial potential.

“To address the low trade volumes, we have to intensify efforts to promote greater linkages and networks between the private sector and business communities in the two countries; and encourage them to take advantage of the economic opportunities existing in our respective countries,” he said.

President Kenyatta spoke on Monday evening at State House, Nairobi during a state banquet he hosted together with First Lady Margaret Kenyatta for visiting Hungarian President János Áder and his spouse Anita Herczegh.

At the banquet, also attended by political leaders Raila Odinga, Musalia Mudavadi, Kalonzo Musyoka, Moses Wetangula and Gideon Moi among others, President Kenyatta said Kenya was counting on the support of Hungary to unlock the economic partnership agreement between the East African Community and the European Union.

“Kenya looks forward to the signing of the Economic Partnership Agreement between the East African Community and the European Union to open up greater trading and economic opportunities,” President Kenyatta said.

On multilateralism, President Kenyatta said Kenya and Hungary share common positions on key global issues including climate change, and thanked the European nation for the support that led to Kenya’s election as a non-permanent member of the UN Security Council.

“Mitigating climate change is an imperative of our times and my Government’s commitment to this noble cause extends to the United Nations Security Council where climate and security is an important focus during our term.

“We look forward to continue working closely with the Government of Hungary, within the UN system and other multilateral forums, to champion the climate change agenda and other shared global priorities,” he said.

Once again, President Kenyatta reiterated Kenya’s commitment to multilateralism saying the country fully supports the United Nations system.

“As a strong advocate for multilateralism and a rule-based international order, and home to the only UN headquarters in the global south, Kenya, like Hungary, is fully committed to supporting the work of the United Nations, and it is our desire to maintain Nairobi’s position as the central hub of the United Nations system in the developing world,” President Kenyatta said.

Sign up for free AllAfrica Newsletters

Get the latest in African news delivered straight to your inbox


Success!

Almost finished…

We need to confirm your email address.

To complete the process, please follow the instructions in the email we just sent you.


Error!

There was a problem processing your submission. Please try again later.

On regional peace and security, President Kenyatta said Kenya will continue to utilize her experience as a peace mediator to champion for sustainable stability on the continent particularly in the Horn of Africa region.

“Kenya will continue to leverage on her experience as a mediator and guarantor of peace processes to advance the agenda of sustainable regional peace and security in the Horn of Africa and beyond, and seeks the global community’s support through multilateral fora,” he said.

In his address, Hungarian President János Áder commended the Government for its commitment to improving the lives of Kenyans through transformational development programmes, and expressed optimism that the current development tempo will continue beyond President Kenyatta’s term.

“What I wish you Mr President, because you will be handing over your office in August, is that during this remaining six months, you should have enough time and you should have enough strength to prepare all these (development) programmes and to launch them.

“I wish that your successor should have the same kind of enthusiasm and drive to actually conclude all these (development) programmes like the way you started Mr President,” President Ader said.

Source: All Africas

Tags: AfricabusinessBusiness and Financecurrent eventsEast AfricaeconomyEurope and AfricaExternal RelationsKenyanewspoliticssportstradetravel
Share64Tweet40Share11Pin14Send

Related Posts

Business

South Africa: We Can Beat Unemployment Through State Jobs Schemes, Says Former Treasury Official

May 25, 2022
Business

Nigeria: Court Bars Lagos Govt, MC Oluomo, Others From Collecting Union Levies

May 25, 2022
Business

Nigeria: No Plane Crash in Lagos – FAAN

May 25, 2022
Business

Zimbabwe: ‘Allow Sale of Elephants to Reduce Illegal Trade’

May 25, 2022
Business

Nigeria: Akwa Ibom, Firm Seal Deal for 732mw Ibom Power Plant Expansion

May 25, 2022
Business

Tanzania: Mpango Wants African Countries to End Trade Barriers

May 25, 2022
Leave Comment

Search

No Result
View All Result

Popular Posts

  • Dr Khehlelezi Egila Izimanga Enza Imali Bukhoma

    255 shares
    Share 102 Tweet 64
  • WeBuyCars reveals its top 5 most-sold used cars – and its average selling price

    165 shares
    Share 66 Tweet 41
  • Elon Musk INSANE NEW PLAN To Build His Own $20B City In Africa!

    187 shares
    Share 75 Tweet 47
  • TWO $600 CHECKS GOING OUT!! Fourth Stimulus Package Update Today 2022 & Daily News + Stock Market

    173 shares
    Share 69 Tweet 43
  • English News – 02-09-22 – TMH

    166 shares
    Share 66 Tweet 42

Recent News

South Africa: We Can Beat Unemployment Through State Jobs Schemes, Says Former Treasury Official

May 25, 2022

Nigeria: Court Bars Lagos Govt, MC Oluomo, Others From Collecting Union Levies

May 25, 2022

Nigeria: No Plane Crash in Lagos – FAAN

May 25, 2022

Sign up to our newsletter and get recent news directly to your inbox!

Shava TV

Shava TV is one of the biggest Business News portals in all of Africa, located in South Africa established in mid-2021 with hopes to deliver the most trusted news.

Recent News

  • South Africa: We Can Beat Unemployment Through State Jobs Schemes, Says Former Treasury Official
  • Nigeria: Court Bars Lagos Govt, MC Oluomo, Others From Collecting Union Levies
  • Nigeria: No Plane Crash in Lagos – FAAN

Newsletter

Sign up to our newsletter and get recent news directly to your inbox!

  • About
  • Privacy Policy
  • Terms & Conditions
  • advertise
  • Contact Us

© 2021 Shava TV - Developed by Sawah Web.

No Result
View All Result
  • Home
  • Latest News
  • Business
  • Finance
  • Banking
  • Markets
  • Crypto
  • Corporate
  • Industry
  • Auto
  • Videos

© 2021 Shava TV - Developed by Sawah Web.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In