UAE’s ECI & Kenya Chamber collaborate to boost economic relations

By Shilpa Annie Joseph, Official Reporter
  • Follow author on
Representational Image

UAE’s Federal Export Credit Company, Etihad Credit Insurance (ECI) has entered into a strategic partnership with the Kenya National Chamber of Commerce and Industry (KNCCI), to strengthen economic relations between the two countries by stimulating international trade and investment flows.

The strategic alliance, which is marked by mutual support and solidarity, intends to enhance the cooperation between ECI and KNCCI to jointly explore large prospects in trade and investment, giving new impetus to reinforce the existing trade ties between the UAE and Kenya.

ECI will hold seminars and workshops to educate KNCCI members about the benefits of trade protection solutions as part of this agreement. It will also provide market intelligence and country risk reports to indicate the commercial and political dangers connected with UAE trade and investment.

Furthermore, KNCCI will provide members with appropriate training, B2B meetings with qualifying businesses, and events, as well as promote ECI’s services and products through its newsletter, website, magazine, direct mailing, and events.

Massimo Falcioni
Massimo Falcioni

“For the last four decades, the UAE and Kenya have maintained excellent trade and business relations. Signing this agreement with KNCCI couldn’t have come at a more opportune time for both the UAE and Kenyan businesses. This MoU will enable Kenya to benefit from the UAE’s pivotal role in maintaining the sustainability and trade finance of supply chains and maritime and aerial shipping movements in global markets. The UAE has become a leading global trade destination, due to the country’s advanced position in many global indexes related to logistical supply, securing trade payments, facilitating the practice of business, advanced port, and logistical facilities, and adopting the best global practices in related areas. This close partnership will help continue the crucial dialogues between governments, enhance trade between the two countries, as well as ensure better and more secure trade opportunities.”

Mr. Richard Ngatia, President of KNCCI said, “We are pleased to partner with ECI, which, we believe will signify a new phase in the economic ties between Kenya and the UAE. By working closely with the UAE Federal export credit company and gaining access to in-depth intelligence and risk assessment reports, it will help unlock the potential of Kenyan businesses.”

Related: UAE’s SCCI explores ways to strengthen economic ties with Guatemala