Kenya National Chamber of Commerce and Industry (KNCCI), has renewed its Memorandum of Understanding with the Council of Governors to continue facilitating trade and investment in counties.
Under the new MOU, both parties will undertake joint activities in trade and investment, business policy reforms, capacity building, information sharing, and technical programs.
Also, the partnership will see both parties promote specific national and international development agenda on vision 2030, Big four agenda, East African Community regional trade, and the upcoming African Continental Free Trade Area (AfCFTA) agenda.
Speaking during the signing ceremony, Chamber President Richard Ngatia said that the partnership will support both parties to get precise and accurate information to promote business partnerships, understand methods and procedures for doing business in the counties, and the prevailing law and regulations and the most important investment opportunities.
“The agreement will provide a platform to support and strengthen trade and investment programs across the counties. This is an opportunity for KNCCI County Chapters and County Governments to access precise and accurate information to promote business partnerships, understand business procedures and the applicable laws in the counties,” he said.
In his remarks COG Chairman, Honorable Wycliffe Oparanya expressed his delight with the engagement of the KNCCI county chambers in support of business amidst COVID-19.
“With the capacity within KNCCI, we can work together address to develop a harmonized taxation regime. COG will continue to collaborate with KNCCI to revive all those SMEs affected by this pandemic as we are about to re-open our economy,” he said.
During the meeting Oparanya also endorsed the Chamber President to be the Special Business Advisor to the COG on matters Trade and Investment, to ensure tax harmonization within the counties creating an enabling environment for SMEs post-COVID-19.