Hungary, Kenya ink economic cooperation deal

Visits

During his visit to Nairobi yesterday, Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó signed a declaration of intent for an economic cooperation agreement that is expected to be signed by Hungary and Kenya later this year, according to reports.

Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó and Kenya’s Minister of Industry Adan Mohammed at a meeting in Kenya yesterday. (Photo: MTI/Ministry of Foreign Affairs and Trade)

During an interview with Hungarian news agency MTI yesterday, the minister said opportunities in Kenya can be of interest for Hungarian businesses in the areas of transport, water management, farm technology and medical equipment. 

Szijjártó said that the Hungarian Eximbank opened a $70 million credit line to support future partnerships between Hungarian and Kenyan companies, MTI reported. The minister added that Hungary offered 50 scholarships to Kenyan students at Hungarian universities, according to MTI.

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