UAE + Kenya ink digital infrastructure investment memorandum: The Investment Ministry and Kenya’s Information, Communications, and Digital Economy Ministry have inked an investment memorandum to establish a framework for investment collaboration in digitalization and technology, Wam reported on Friday.
The agreement will see the two sides exploring investments for digital infrastructure, AI services, and 1 GW data center projects in Kenya. The technical and investment angles of developing large AI language models will also be assessed, Wam writes. The agreement also involves setting up a “digital corridor” made up of network infrastructure to facilitate data exchange, hosting, processing, and transmission between the two countries.
The two have been boosting trade relations: The UAE and Kenya concluded negotiations in February on a Comprehensive Economic Partnership Agreement (CEPA) to boost trade between them. Kenya is also joining the UAE's Trade for Development platform, offering policymakers access to expertise in trade growth, helping countries navigate complex trade negotiations.