Kenya and Mauritius set to be Africa’s financial hubs

Kenya and Mauritius have agreed to make the two countries the financial and trade hubs for Africa.

President Uhuru Kenyatta said Kenya and Mauritius need to complement each other as the two nations have a similar approach in economic development.

The Head of State said the two countries will sign agreements that will ensure Kenya and Mauritius become Africa’s financial, maritime and aviation hubs.

‘’Africa is a natural corridor linking Asia and Europe, and our two countries should benefit from this key geographical location,’’ President Kenyatta said.

He directed the Ministry of Foreign Affairs to speed up the process of establishing a Joint Commission of Cooperation, which will follow and implement the issues that are agreed.

The joint commission will, therefore, be the vehicle which explores possible cooperation between the two countries and also deal with impediments that hinder bilateral trade.

Source: Capital Business