President William Ruto has urged Norwegian businesses to invest more in Kenya, stating that the country possesses a large pool of skilled youth and is well-positioned to serve the African market.
Speaking in Oslo, Norway, the President said Kenya and Norway could strengthen cooperation in the clean energy, fisheries, and technology sectors.
He noted that trade between the two nations stood at $54 million last year, but could increase to $500 million by the year 2030.
The President also met with leaders from the Norwegian maritime sector, where shipping companies pledged to employ 120 Kenyan seafarers before the end of this year, and an additional 1,000 by 2030.
Furthermore, he held talks with Norway’s Minister of Finance, Jens Stoltenberg, regarding the management of Norway’s sovereign wealth fund, as Kenya proceeds with plans to establish a similar fund for revenues derived from natural resources.
During the visit, President Ruto also met with the Crown Prince of Norway, Haakon.
