Kenya and Turkey have set an ambitious target to grow their bilateral trade volume to the $1 billion mark (Sh100 billion) within the next five years. President Kenyatta and President Erdogan are setting their eyes on Buy, Operate and Transfer (BOT) and Public Private Sector Partnerships (PPPs) business models to meet the set the targets. President Kenyatta and President Erdogan also oversaw the signing of three bilateral agreements to improve cooperation between the two countries. President Kenyatta also vouched for growth in the manufacturing sector as well as the LAPSSET project and Konza Techno City. During the bilateral meeting, President Kenyatta urged Turkey to invest in Kenya’s renewable energy sector, infrastructure development, agro-processing, irrigation, ICT, oil and mining.

Source: The Star June 02, 2016 16:21 UTC