President William Ruto and Indonesian President Joko Widodo on Monday, August 21, witnessed the signing of various bilateral deals between the two countries in State House Nairobi.
The memorandums of understanding in various ministries and economy sectors seek to open more opportunities for Nairobi and Jakarta.
Kenya’s President said that the agreements will increase commercial collaboration with their partners.
”We discussed various issues, set out priority areas of cooperation and witnessed the signing the memoranda, and a letter of intent to strengthen commercial collaboration and the promotion of investment between our two countries,” said President Ruto in a joint media briefing.
Four ministries signed memoranda of understanding and a letter of intent between the two countries.
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The first MoU was between the Ministry of Energy and Petroleum of Kenya and the Ministry of Energy and Mineral Resources of Indonesia.
Moreover, the deal seeks to promote cooperation by sharing knowledge, boosting skills, and fostering innovation in diverse aspects of the energy sector.
Also, it entails geothermal technology advancement, rural electrification, renewable energy power transmission and distribution and petroleum exploration and production.
Secondly, Kenya’s Ministry of Mining, Blue Economy and the Ministry of Energy and Mineral Resources of Indonesia inked a deal in the mining sector.
What’s more, the agreement seeks to boost cooperation in mining and geology through joint studies, knowledge sharing and capacity building.
It includes mining aspects such as lab services exploration in valid concessions, knowledge sharing on testing, quality standards, marketing, and capacity building.
For geology, joint studies include geoscientific research, mineral evaluation, environmental assessments, and geochronological research aligned with shared goals.
An MoU was also signed between the Pharmacy and Poisons Board of Kenya and the Indonesian Food and Drug Authority on regulatory cooperation.
It seeks to strengthen and promote, develop, and implement regulatory cooperations in the field of pharmaceutical products.
The last deal was between Kenya Bio Vax and Indonesian Biofarm.
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It establishes a framework for cooperation between the two countries in technology transfer, contract manufacturing, registration, supply, and marketing of vaccines portfolio manufactured by Biopharma of the republic of Kenya.
President William Ruto also stated that there will be signing of a bilateral treaty within the next six months to exploit the opportunities that have come from the visit.
