Netherlands Investments in Kenya kick into high gear

Kenya investment authority Keninvest has signed a memorandum of understanding MOU with The Netherlands Business Hub.

The move will ensure strong bilateral trade ties are made between the two countries which are trade blocks at their region along the continent.

The collaboration between KenInvest and Netherlands Business Hub is aimed at supporting efforts of the Netherlands Companies investments.

The investments areas include Agriculture, Life science and Health, as well as Blue Economy, Logistics, Energy and Water among others.

As it happens, the Memorandum of Understanding now provides a framework for promotion of investment in Kenya to Netherlands Companies.

The MoU also ensures joint trade missions together with joint policy and commercial advocacy.

Addressing the members of the press the Deputy Dutch Ambassador to Kenya Joris Bommel pointed out that Kenya is the gateway to the East African Region’s Market.

The Netherlands, on the other hand, is the key opener to the European market and with the two Nations joining hands business will boom at the two regions on different continent.

However, the chair of Netherlands Business Hub Mr.Carlo Van Wageningen has requested the one stop shop Keninvest to engage Parliament and relevant bodies on signed protocol if double taxation.

“Am glad we had this forum today because we as investors we are having double taxation especially when we get dividends almost 70 percent of money goes to taxation.” Carlo Van Wageningen.