EconomyForeign Affairs

Hungary Enhances Economic Relations With Kenya And South Africa

While the Kenyan Foreign Minister paid an official visit to Budapest on Monday, a Hungarian government official visited South Africa to discuss fields of possible cooperation. The Foreign Ministry says Hungary continues its so-called southern opening strategy to strengthen economic relations with both African countries.

 

Budapest, 2017. május 29. Szijjártó Péter külgazdasági és külügyminiszter fogadja Amina Mohamed kenyai külügyminisztert a Külgazdasági és Külügyminisztériumban 2017. május 29-én. MTI Fotó: Kovács Attila
Kenyan Foreign Minister Amina Mohamed was received in Budapest by his Hungarian counterpart Péter Szijjártó (photo: Attila Kovács – MTI)

Kenya’s Foreign Minister pays visit to Budapest

Hungarian Foreign Minister Péter Szijjártó and his Kenyan counterpart, Amina Mohamed, signed an agreement on economic and technical cooperation in Budapest on Monday. Péter Szijjártó said Hungary’s Eximbank had opened an 85 million euro credit limit to support Hungarian companies investing in Kenya. The Hungarian government will also start a 50 million dollar development loan programme to finance an oncology and an obstetrics clinic in Kenya. The parties also discussed Hungary’s planned export of irrigation and slaughterhouse technology to that country, with the agreement to be signed later. Hungary pins high hopes on cooperation in water management, the health-care industry, agriculture, IT, security industry and public transport, he said. The country is ready to raise the number of university grants issued for Kenyan students to 100 from 50, the minister said.

Hungary will also lobby for the European Union to enforce already existing strategic partnership agreements with east African countries, including Kenya, as such agreements would remove administrative obstacles to trade and investment, he said. The security and economic welfare of African countries has a direct impact on Europe, and Kenya’s dynamically growing economy (with a 6% growth last year) makes the country an important player in the area, Szijjártó said. Kenyan Foreign Minister Amina Mohamed welcomed the strengthening ties of the countries and the development loan agreement as well as the growing number of university grants, and proposed a boost of tourism between the two countries.

Visit to South Africa

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South Africa’s Minister of Water and Sanitation Nomvula Mokonyane and Szilveszter Bus, deputy state secretary at the Hungarian Foreign Ministry (photo: kormany.hu)

Last Wednesday, Hungary also signed a memorandum of understanding with South Africa on cooperation in the area of water management. The agreement was signed by Hungarian deputy state secretary Szilveszter Bus and South Africa’s Minister of Water and Sanitation Nomvula Mokonyane. In addition to water management, they also discussed potential cooperation in the areas of electric bus manufacturing, farming, game hunting, the health industry, infrastructure development, IT and education.

via hungarymatters.hu and MTI; feautred photo: origo.hu