Rwanda and Kenya have signed a memorandum of understanding (MoU) to facilitate the importation of refined petroleum merchandise into Rwanda by way of the Northern Hall transit route.
The settlement was signed on Monday, June 29, bringing collectively officers from each international locations, together with Rwanda’s Minister of Commerce and Business Antoine Marie Kajangwe, Rwanda’s Excessive Commissioner to Kenya Ernest Rwamucyo, and Kenya’s Excessive Commissioner to Rwanda Janet Oben.
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“It will allow Rwanda to supply its bulk petroleum merchandise utilizing Kenya’s infrastructure for transportation and storage,” reads an announcement from the Ministry of Commerce and Business (MINICOM).
Talking after the signing, Minister Kajangwe stated the MoU displays a shared strategic imaginative and prescient and reaffirms the long-standing partnership between the 2 international locations.
He famous that the Northern Hall has lengthy served as a strategic financial lifeline connecting regional economies, significantly linking inland international locations to the port of Mombasa.
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By optimising Kenya’s port and pipeline infrastructure, he added, the 2 international locations will strengthen regional worth chains, enhance vitality safety, improve provide resilience and advance regional financial integration.
Kenya’s Power and Petroleum Cupboard Secretary Opiyo Wandayi defined what the settlement means.
“Immediately, I signed an MoU between Kenya and Rwanda to facilitate the importation of refined petroleum merchandise for Rwanda by way of Kenya’s Northern Hall transit route. A serious milestone in our bilateral relationship and regional integration,” he stated.
Rwanda and Kenya already keep a number of cooperation frameworks, together with these aimed toward strengthening cross-border commerce, funds and regulatory coordination. Amongst them is the Kigali Declaration on Fintech License Passporting signed in March, which additional deepens this partnership.
