In 2008, Sweden's export to Kenya amounted to approximately SEK 566 million (€ 51,5 million), which was an increase with 41% compared to 2007. Important export products are paper, machinery, manufactured products, medical equipment and vehicles. Imports from Kenya consist mainly of coffee, cut flowers, fruits and vegetables. The value of Swedish imports amounted to around SEK 268 million (€ 24,5 million) in 2008, a 5% increase from 2007.
Currently some 40 Swedish related companies are represented in Kenya, with the majority based in Nairobi. Among these are ABB, Alfa Laval, Atlas Copco, Bahco, Ericsson, HemoCue, Lundin Petroleum, Sandvik, Scania, SKF, TetraPak and Volvo. Several of these companies cover East Africa from Nairobi. Swedish investments in Kenya are on a fairly low level, but also on the rise. Two Swedish investment companies have from 2009 established offices in Nairobi. Many companies, such as Tetra Pak and Scania, have invested in production facilities and are continually expanding. Sweden has a Double Taxation Avoidance Agreement with Kenya since 1973, but there is no Investment Protection Agreement between the two countries.
As a result of Sweden’s long co-operation with Kenya that dates back to independence in 1963, Sweden enjoys a large amount of good-will in Kenya. The positive image of Sweden in Kenya is an important factor when promoting Swedish companies in the country. There are significant opportunities for growth in the trade relations, especially in the fields of ICT and environment technology, e.g. alternative energy solutions.
In a medium-long perspective, Kenya’s development possibilities in the commercial area are regarded to be quite positive. The country prouds itself of a significant tradition of doing business and knowledge in the field of trade. In a regional perspective, Kenya has a very skilled workforce. Due to the country’s geographical position, developed infrastructure with an international airport and a deep-sea port, Kenya is seen as a regional centre in East Africa for investments and commercial ventures. Furthermore, Kenya has the strongest economy of the region.
Last updated: 2009-06-29