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AFRICAN ECHO BUSINESS NEWS
Complied by Cass Gilroy-Business Editor

Egypt set to increase its imports from Kenya

Egypt is set to become Kenya's fifth importer of livestock products by early next year, a Cabinet minister has said. While such a move will signify a break from tradition of mainly tea and coffee exports to the North African country, the new market will help raise foreign earnings for Kenya.

Currently, Mauritius, Italy, parts of the Middle East and Qatar are their primary markets, but efforts were being made to expand the markets for live animals and fish products. 

Egypt is Kenya's main importer of tea but the revival of the Kenya Meat Commission called for more markets for more markets to be opened for its products.

The minister in charge of livestock announced the formation of a joint trade investment committee between the two countries. And in particular, he appealed to the North African country to consume the corned beef that was being produced in surplus by KMC.

Egypt's Ambassador to Kenya, Saher Hamza, cited various areas of collaboration such as canning, and processing for fish as well as their transportation between the two countries. By the close of 2005, Mr Hamza said that country was importing more than 40 different agricultural commodities.

 

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