In Summary
  • The envoy said his country is eager to expand investments globally, and particularly in Kenya where diverse untapped resources and conducive business climate are ideal for partnerships.
  • He also disclosed that a meeting is planned between the chambers of commerce of the two countries.

Kuwait and Kenya have signed agreements to do away with double taxation and protection of foreign investments in a move to boost trade between the two countries.

Kenyan Ambassador to Kuwait Yaqub Alsanad said Saturday the two agreements were signed by National Treasury Cabinet Secretary Henry Rotich and the Kuwait government.

Under the agreements, Kenya and Kuwait will avoid double taxation on income and capital, and promote and protect foreign investments in the two countries.

Speaking to the Presidential Strategic Communication Unit (PSCU) in Kuwait City ahead of the two-day Arab-Africa Summit that begins on Tuesday, the ambassador said two other agreements on promotion of tourism and establishment of a joint commission of cooperation will be signed Monday in Kuwait.

He also disclosed that a meeting is planned between the chambers of commerce of the two countries.

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