Hungary Signs HUF 6 bln Tied Aid Deal With Kenya

Analysis

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Hungary signed a HUF 6 billion tied aid agreement with Kenya during a visit to Nairobi by Minister of Foreign Affairs and Trade Péter Szijjártó on Wednesday, state news wire MTI reports.

In the framework of the agreement, Hungarian companies will upgrade irrigation systems in the area around Ahero in a HUF 2 billion project and set up a HUF 4 bln fisheries and aquaculture center in Kabonyo, the Ministry of Foreign Affairs and Trade said.

Szijjártó met with his Kenyan counterpart, Wycliffe Musalia Mudavadi, and with Minister of Finance Njuguna Ndung'u during his visit.

At a joint press conference after the meeting with Mudavadi, Szijjártó acknowledged Kenya's role in the fight against terrorism and the assistance it provided to refugees.

He said Hungary was providing seeds to local farmers at an agricultural training center set up with HUF 200 million in support from the government.

The Hungarian University of Agriculture and Life Sciences (Mate) has signed three agreements on cooperation with Kenyan research institutes and companies, he said. An agreement on cooperation in training in the area of nuclear energy was also signed, he added.

Hungary will press for the entry into force of the EU-Kenya Economic Partnership Agreement when it takes the revolving presidency of the Council of the EU in the second half of the year, he said.

Szijjártó is traveling with a delegation of 17 executives from Hungarian companies.

Addressing a forum of business leaders from Hungary and Kenya later on Wednesday, Szijjártó said an investment protection agreement between the two countries would be signed soon, while talks were underway on a double-taxation avoidance agreement.

Representatives from companies in the farming, food safety, water management, and public administration sectors participated at the forum.

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