AFRICA BUSINESS COMMUNITIES: BREXIT ARTICLE
Brexit - new trade agreements between the UK and Kenya must be negotiated timeously.
The United Kingdom (UK) is one of Kenya’s biggest trading partners, with the UK being Kenya's biggest export market for horticulture and tea; and also Kenya’s biggest source market for tourism. Therefore, the quick finalisation of new trade agreements that will be in effect after the UK has exited the European Union, will be essential for Kenya.
According to the Kenya High Commission, Kenya and the UK established diplomatic relations soon after independence in 1963. The UK is the largest European foreign investor in Kenya. There are many British companies based in Kenya, including Vodafone, Barclays Bank, Diageo, Standard Chartered Bank, GlaxoSmithKline and Unilever. Kenya accounts for 27% of the fresh produce and 56% of the black tea market in the UK. Kenya imports motor vehicles, printed materials, machinery and chemicals from the United Kingdom.Read further