Egyptian exports have great export potential in the African markets, especially the Kenyan market, after the flotation of the pound and the ensuing decrease in the cost of production, said Egypt’s Ambassador to Kenya, Mahmoud Talaat on Monday during the inauguration of the first Egyptian exports exhibition in Africa. The exhibition is organized over four days by the Exhibition Authority of the Ministry of Trade and Industry in the Kenyan capital Nairobi. An Egyptian company has recently established a warehouse for goods exported through the port of Mombasa and started receiving exported Egyptian products, said Talaat. Kiprono Kittony, Chairman of Kenya National Chamber of Commerce and Industry (KNCCI) said his country serves as a gateway for Egyptian exports to over six other countries, which include hundreds of millions of consumers. Kittony called for addressing the trade imbalance between Egypt and Kenya, which comes in favor of Egypt, and called on Egyptian importers to pay attention to famous Kenyan products.

Source: Egypt Independent May 16, 2017 11:26 UTC