Kenya and Hungary have signed two major Memoranda of Understanding in the education and agricultural sectors.
Prime Cabinet Secretary Musalia Mudavadi has confirmed.
Focusing on agriculture, Mudavadi said that together with Hungarian counterpart, they had agreed to work together.
On the exchange of expertise and best agricultural practices to enhance agricultural productivity in both our countries.
What do we expect?
Hungarian government had established a Demo Farm in one of the agricultural productive county in Kenya.
It is designed to showcase Hungarian agricultural technology and innovation, and also serves as a model for modern and sustainable farming practices.
“I am confident that once we implement the outcomes of the discussion we have had on the sector, we will witness higher levels of foreign direct investment
Especially from our respective companies in the agricultural value addition industries,” said Mudavadi.
Mudavadi elaborates
According to Mudavadi, they had resolved to revitalize our relations in the energy sector in the efforts of stepping up to strengthen resilience and adaptive capacity
By prioritizing green growth while ensuring energy supply and sustainability.
In addition, Kenya and Hungary had agreed to exchange capacity on the use of nuclear energy as an alternative source of clean renewable energy.
On the issue of Trade;
The PCS said they had resolved to promote greater linkages between private sectors and business communities of the two countries
In order to enhance the momentum in establishing trade partnership between our business persons.
“We have agreed to hold the next session of the Joint Trade and Economic Committee (JTEC) between our two countries before the end of this year.
We have further agreed to expedite the conclusion of negotiations on the agreement on promotion and Reciprocal Protection of Investment
between our countries and begin negotiations of an agreement on avoidance of double taxation,” said Mudavadi.
