Kenya and Cyprus have agreed to form a joint technical committee to unlock untapped trade potential. The decision came during a bilateral meeting on the sidelines of the United Nations General Assembly (UNGA) in New York.
The meeting brought together Kenya’s Prime Cabinet Secretary and Foreign Affairs CS Musalia Mudavadi and Cyprus’ Foreign Minister Dr Constantinos Kombos. They also signed a Memorandum of Understanding (MoU) to strengthen cooperation in trade and investment.
CS Mudavadi noted that trade volumes between the two countries have remained low and called for bold steps to boost economic ties. “Our trade numbers are very low on both sides. We all need to work hard on that front,” he said.
Cyprus’ Foreign Minister Kombos described the trade figures as “depressing” and emphasized the need for closer engagement.
Mudavadi highlighted Kenya’s position as a gateway to the East African Community (EAC) and the African Continental Free Trade Area (AfCFTA), offering Cypriot investors access to a growing African market. He also pointed to Cyprus’ expertise in shipping, tourism, and financial services, which could complement Kenya’s growing sectors.
He encouraged Cypriot businesses to explore opportunities in Kenya’s Silicon Savannah tech hub, renewable energy, agriculture, and infrastructure projects.
The joint technical committee will identify trade barriers, promote investment, and strengthen links between institutions and people in both countries.
This initiative marks a key step in boosting bilateral trade and unlocking new economic opportunities for Kenya and Cyprus.
