NEXI sings MOU with the National Treasury of Kenya

Nippon Export and Investment Insurance (NEXI) concluded a memorandum of understanding (MOU) with the National Treasury & Economic Planning of the Republic of Kenya (the National Treasury of Kenya). The announcement was made by Dr. Chris K. Kiptoo, Principal Secretary of the National Treasury of Kenya, and Atsuo Kuroda, Chairman and CEO of NEXI, in “Kenya – Japan Business Forum” held by the Japan External Trade Organization (JETRO) on February 8, with attendance of His Excellency Dr. William Samoei Ruto, President of Kenya and Yoshida Nobuhiro, Parliamentary Vice-Minister of Economy, Trade and Industry.

Provided by JETRO

Kenya is a gateway to East Africa, where many Japanese companies have set up business. Marking 60th anniversary of diplomatic relations between the two countries in 2023, Kenya has even increased the importance for Japan in terms of strengthening ties with Global South countries and other points. This MOU is intended to promote business activities of Japanese companies in Kenya by encouraging the cooperation between NEXI and the National Treasury of Kenya, through efforts such as considering yen-denominated fundraising by the Kenyan government utilizing NEXI’s trade insurance, as well as supporting Kenya for its industrial development, green growth and resolution of social issues.

NEXI will continue to deepen its relationships with overseas governments and organizations, aiming to actively help Japanese companies create business opportunities in African and other emerging markets.

Contact:
Infrastructure Group
Structured and Trade Finance Insurance Department
Tel: +81-(0)3-3512-7674