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09/12/2013
Costello Visits Kenya To Promote East Africa Trade Links
Minister of State for Trade and Development, Joe Costello T.D., is visiting Kenya this week to examine the increasing opportunities for Irish companies in the East African market.
During the visit, the Minister will host a business breakfast in Nairobi for Kenyan and Irish business contacts, where he will announce plans to develop the existing Nairobi-based business network to strengthen trade links.
Speaking from Nairobi, Minister Costello said: "This visit will help us to identify which sectors have the greatest potential for Irish companies in Kenya and the wider East African region where economic growth is more than 6 % per year.
"On the recent Trade Mission I led to South Africa and Nigeria, Irish companies secured new contracts totalling over €7m in the financial services, telecommunications and educations sectors. I believe the East African market has similar potential for Irish companies, and I would hope that a trade mission within the next year can help to open up these markets to Irish companies who are prepared to explore that potential."
The visit is part of the Government's Africa Strategy which stressed the need to think beyond aid and to develop stronger political and economic links with African nations. Kenya was identified as a priority country in East Africa under the Africa Strategy given its potential for growth and its position as a gateway for the East Africa region.
(CD/IT)
During the visit, the Minister will host a business breakfast in Nairobi for Kenyan and Irish business contacts, where he will announce plans to develop the existing Nairobi-based business network to strengthen trade links.
Speaking from Nairobi, Minister Costello said: "This visit will help us to identify which sectors have the greatest potential for Irish companies in Kenya and the wider East African region where economic growth is more than 6 % per year.
"On the recent Trade Mission I led to South Africa and Nigeria, Irish companies secured new contracts totalling over €7m in the financial services, telecommunications and educations sectors. I believe the East African market has similar potential for Irish companies, and I would hope that a trade mission within the next year can help to open up these markets to Irish companies who are prepared to explore that potential."
The visit is part of the Government's Africa Strategy which stressed the need to think beyond aid and to develop stronger political and economic links with African nations. Kenya was identified as a priority country in East Africa under the Africa Strategy given its potential for growth and its position as a gateway for the East Africa region.
(CD/IT)
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