Kenya, UK Sign MOU to Promote Market Access, Business Integrity

Nairobi — Kenya and the UK yesterday evening signed a memorandum of understanding (MoU) on market access and business integrity between the Ministry of Investments, Trade, and Industry (MITI) and the British Chamber of Commerce Kenya (BCCK).

The MoU, which was witnessed by the UK Prime Minister’s Trade Envoy Theo Clarke, enables MITI and BCCK to identify and recommend areas for reform in Kenya’s business regulatory environment.

One of the ways to facilitate this is through the annual high-level public-private dialogue with industry leaders.

Through the MoU, both organizations will be knowledge partners who will be feeding back government data and insights around integrity issues impacting trade and investment.

The MOU will be operationalized through an engagement program between key public sector bodies, including KRA, KEBS, Customs, EACC, the Judiciary, and the private sector.

“Ethical business conduct and adhering to fair trade practices are key to attracting international investors, helping drive Kenya’s economic transformation,” PS Abubakar Hassan Abubakar for Investment said.

“This MOU provides a framework for developing targeted strategies to build trust with our international trade partners.”

The Pact between BCCK and the Ministry’s Department of Business Reforms and Transformation (DBRT) on the Business Integrity Initiative will provide two of three pieces of guidance on doing business, managing the Business Integrity Index, supporting peer-to-peer networking, and promoting Kenya as a trusted trading partner for the UK.