{"id":91342,"date":"2024-04-25T00:00:00","date_gmt":"2024-04-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/uae-to-invest-usd-500-mn-in-kenya-including-in-mining-and-tech-ecuador-next-in-line-for-trade-agreement\/"},"modified":"2024-04-25T00:00:00","modified_gmt":"2024-04-25T00:00:00","slug":"uae-to-invest-usd-500-mn-in-kenya-including-in-mining-and-tech-ecuador-next-in-line-for-trade-agreement","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/04\/25\/uae-to-invest-usd-500-mn-in-kenya-including-in-mining-and-tech-ecuador-next-in-line-for-trade-agreement\/","title":{"rendered":"UAE to invest USD 500 mn in Kenya, including in mining and tech + Ecuador next in line for trade agreement"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE, Kenya ink USD 500 mn investment framework agreement:<\/strong> Abu Dhabi sovereign wealth fund ADQ and Kenya\u2019s National Treasury and Economic Planning Ministry have entered into a USD 500 mn framework agreement, seeking to invest in key sectors within the East African nation, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b2tgm6o-adq-establishes-framework-agreement-worth-500\" style=\"\" rel=\"noopener\">Wam<\/a> wrote.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2026and agree to collaborate on mining and tech: <\/strong>The UAE\u2019s Investment Ministry and Kenya's Ministry of Finance and National Treasury have also signed an MoU to collaborate on investments in the fields of mining and technology, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b2tgm6p-uae-kenya-sign-investment-mou-develop-mining\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The two countries will look at cooperation in mineral exploration, mine development, mineral processing, refining, and mineral marketing, as well as research and development in the sector, in Kenya. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Foreign Trade Minister Thani Al Zeyoudi finalized a trade and economic agreement with his Kenyan counterpart Rebecca Miano in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3e973d68-8287-4d82-abec-a21a75edb941\/uae,%253cmark%253e-kenya%253c%2Fmark%253e-finalize-trade-agreement\" style=\"\" rel=\"noopener\">February<\/a>, aiming to support growth in trade and investment flows, as well as cooperation on food production, mining, technology, and logistics.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another trade and economic agreement coming?&nbsp;<\/strong>Foreign Trade Minister Thani bin Ahmed Al Zeyoudi and his Ecuadorian counterpart Sonsoles Garcia agreed to kick off negotiations for a trade and economic partnership agreement between both countries, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/13vquxx-uae-ecuador-announce-intent-commence-cepa\" style=\"\" rel=\"noopener\">Wam<\/a> reported yesterday. The minister namechecked agriculture, tourism, infrastructure, technology, renewable energy as potential sectors for cooperation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The UAE signed an economic and trade agreement <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7fe33ad7-2474-409b-b42e-6f605d19bdfa\/uae-and-colombia-ink-trade-and-economic-agreement.-plus:-new-eu-gcc-climate-platform-and-bin-zayed-phones-iranian-fm\" style=\"\" rel=\"noopener\">with Colombia<\/a> last week, one day after <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9994b950-7b03-4bcc-8cd5-b20e99edab0f\/uae-pledges-usd-100-mn-to-support-sudan-%2B-inks-trade-agreement-with-costa-rica\" style=\"\" rel=\"noopener\">inking another with Costa Rica<\/a>, the latest in a series of agreements aimed at boosting the UAE\u2019s non-oil foreign trade. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"background-color: transparent;\">OTHER DIPLOMACY NEWS-<\/span><\/p>\n<ul>\n<li><strong>President Sheikh Mohamed bin Zayed Al Nahyan met with Bahraini King Hamad bin Isa Al Khalifa<\/strong> to explore boosting ties, discuss the situation in the region and urge de-escalation and calm, and strengthen Gulf relations. (<a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b2tgluz-uae-president-king-bahrain-discuss-fraternal\" style=\"\" rel=\"noopener\">Wam<\/a>)<\/li>\n<li><strong>Foreign Affairs Minister Abdullah bin Zayed Al Nahyan also met with his Bahraini counterpart<\/strong>, to discuss boosting cooperation and the situation in Gaza. (<a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b2tglrr-abdullah-bin-zayed-receives-bahraini\" style=\"\" rel=\"noopener\">Wam<\/a>) <\/li>\n<li><strong>President Sheikh Mohamed bin Zayed Al Nahyan also spoke with Spanish Prime Minister Pedro Sanchez<\/strong> over the phone to discuss boosting ties and the situation in the region. (<a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b2tgmcf-uae-president-and-prime-minister-spain-discuss\" style=\"\" rel=\"noopener\">Wam<\/a>)<\/li>\n<li><strong>Justice Minister Abdullah bin Sultan Al Nuaimi met with Albanian Interior Minister Taulant Balla to discuss judicial cooperation<\/strong> and exchanging expertise in the fields of extradition and combating money laundering and crime. (<a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b2tgm6n-minister-justice-albanian-interior-minister\" style=\"\" rel=\"noopener\">Wam<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>PLUS: Officials meet with Bahraini counterparts to discuss GCC ties, Gaza, and more<\/p>\n","protected":false},"author":1,"featured_media":91343,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1554],"tags":[54,83,614,1334],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-diplomacy","tag-diplomacy","tag-gaza","tag-mining","tag-trade","wpautop","entry"],"acf":{"mongo_id":"1b1842e0-1a82-43d0-aea8-b71d3dab5adb","order":"13","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/1765.jpg","photo_position":"above","homepage_title":"","full_issue_title":"UAE to invest USD 500 mn in Kenya, including in mining and tech + Ecuador next in line for trade agreement","related_issue":[91318],"teaser":"PLUS: Officials meet with Bahraini counterparts to discuss GCC ties, Gaza, and more","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.e89614e4-f6b3-40c5-a18a-37515087ead9.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>UAE to invest USD 500 mn in Kenya, including in mining and tech + Ecuador next in line for trade agreement - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/25\/uae-to-invest-usd-500-mn-in-kenya-including-in-mining-and-tech-ecuador-next-in-line-for-trade-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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