• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10767 0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10767 0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10767 0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10767 0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10767 0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10767 0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10767 0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10767 0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%

Viewing results 1 - 6 of 3

Kazakhstan Proposes Kenyan Trade Hub to Access Eurasian Markets

Kazakhstan has proposed establishing a Kenyan trade and logistics hub on its territory to facilitate the export of Kenyan goods to Eurasian markets, as Astana seeks to position itself as a key transit link between Asia, Europe, and Africa. The initiative was announced by President Kassym-Jomart Tokayev of Kazakhstan during the Kazakhstan-Kenya Business Forum, held as part of Kenya’s President William Ruto’s state visit to Astana. “We are committed to opening a Kenyan trade hub in Kazakhstan that will provide your businesses with direct access to the entire Eurasian region,” Tokayev told representatives of the Kenyan business community. Kazakhstan hopes to expand exports of grain and other agricultural products to Africa, while Kenya could increase supplies of tea, coffee, and flowers to Central Asian and broader Eurasian markets. Astana is also promoting itself as an important part of international transport corridors. According to Tokayev, approximately 85% of overland transit traffic between China and Europe passes through Kazakhstan. The country is actively developing the Trans-Caspian International Transport Route, commonly known as the Middle Corridor, which is increasingly viewed as an alternative to traditional transit routes through Russia. Tokayev proposed integrating the Middle Corridor with East African maritime routes by using the potential of China’s Belt and Road Initiative. Kazakhstan specifically expressed interest in cooperation with the ports of Mombasa and Lamu, which are regarded as the region’s largest logistics hubs. “It is necessary to connect the Middle Corridor with Africa’s vital maritime arteries,” Tokayev said. The two sides also discussed the development of direct cargo air links between Kazakhstan and Kenya, as well as the possibility of launching direct passenger flights between Astana and Nairobi in the future. Beyond logistics, Kazakhstan and Kenya plan to expand cooperation in the extraction of rare earth metals and critical minerals, resources in growing global demand amid the energy transition and the expansion of digital technologies. During the forum, Kazakhstan’s sovereign wealth fund, Samruk-Kazyna, and Kenya’s National Mining Corporation signed an agreement on joint geological exploration and subsoil development projects in Kenya. Tokayev also proposed establishing a Kazakhstan-Kenya Business Council and a specialized expert group focused on transport and logistics infrastructure development. According to the president, these steps should accelerate the creation of an intergovernmental commission on trade and economic cooperation. Ruto said Nairobi was interested in creating a “new economic bridge” between Central Asia and Africa. “The logistics ports of Mombasa and Lamu will be available to companies from Kazakhstan interested in entering East African markets,” Ruto said. The visit comes as Kazakhstan seeks to diversify its trade routes and expand economic ties with countries of the Global South. Earlier, authorities in Kazakhstan announced plans to expand the country’s maritime fleet on the Caspian Sea to increase the capacity of the Middle Corridor.