Ruto inks trade deals with Spanish President Pedro Sánchez

Ruto inks trade deals with Spanish President Pedro Sánchez

President William Ruto and his Spanian counterpart, Pedro Sánchez at in State House, Nairobi on Wednesday, October 26, 2022. PHOTO|COURTESY

  • The two heads of state penned a deal which will see investments by Spanish companies interested in tourism, agriculture, infrastructure, water management and renewable energy projects.

President William Ruto and his Spanian counterpart, Pedro Sánchez have agreed to expand economic relations between the two countries in the trade, health and education sectors.

The two heads of state penned a deal that will see investments by Spanish companies interested in tourism, agriculture, infrastructure, water management and renewable energy projects.

Speaking on Wednesday at State House, Nairobi during the visit of Sanchez, President Ruto said that Kenya was committed to strengthening economic and investment ties with Spain for the benefit of the people.

“The renewal of the current Financial Protocol will add new funds to the kitty and facilitate the implementation of Kenya's priority projects by Spanish companies,” he said.

President Sanchez on his part underscored that investment in Africa was a priority for Spain’s foreign policy.

He stated: “We have agreed to develop a broad bilateral agenda, fostering political, economic and cultural cooperation.”

At the same time, the two leaders committed to contributing to international peace and security, respect for democracy and human rights.

They expressed concern over the global food crisis occasioned by the ongoing drought and erratic weather patterns, which had adversely impacted the global supply chains.

The meeting was attended by Deputy President Rigathi Gachagua, Prime Cabinet Secretary nominee Musalia Mudavadi, and Trade CS nominee Moses Kuria among others.

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