Kenya, Australia to strengthen trade ties

Business
By Noah Kipkemboi | Oct 16, 2025
Foreign Affairs PS Korir Sing’oei and Australia’s Assistant Minister of Foreign Affairs and Trade, Matt Thistlethwaite. [@SingoeiAKorir, X]

Kenya and Australia have enjoyed a close relationship for the last 60 years, and the two countries have consistently expressed their intentions to cement this long-standing engagement. 

While visiting Kenya, Australia’s Assistant Minister for Immigration, Foreign Affairs and Trade, Matt Thistlethwaite, exuded confidence that the two countries are set to benefit more from their relationship.

“Australia deeply values Kenya’s role as a leader in Africa, as a hub for diplomacy, peace and security efforts, and sustainable development. We are proud to stand alongside Kenya in multilateral fora, from the United Nations to the Commonwealth, championing democracy, human rights, gender equality, climate action, and rules-based international order,” said Thistlethwaite.

Principal Secretary for Foreign Affairs, Korir Sing’oei, noted that Australia is home to over 22,000 Kenyans, testament to the favorable relationship. He noted that Australia has been a preferred destination for Kenyans seeking education abroad.

“Australia has managed to balance between quality education and affordability, something that incentivizes more Kenyans to go to Australia,” noted Sing’oei. Over 8,500 Kenyan students are currently studying in Australia.

Kenya is Australia’s second largest trading partner in Africa with two-way trade and investment valued at over $1 billion in 2024.

“Australian companies are contributing to investment, and skills transfer here in Kenya, while Kenyan expertise and innovation, especially in digital finance and technology inspires us in return. Increasingly, we see new frontiers in trade, mining, technology, and clean energy that will shape the next chapter of our engagement,” noted Thistlethwaite.

The trade balance between Australia and Kenya is heavily imbalanced, creating a massive room to boost trade between the two nations. In July 2025, Australia exported goods worth Australian $14 million (Sh1.18 billion) to Kenya.

In return, Kenya only exported to Australia goods valued at Australian $3 million (Sh252 million) to Australia. “We need to do more trading between our two countries,” noted Sing’oei. “Australia is a global leader in mining technology, an area we can partner further to see that Kenya`s extractive sector grows.”

Kenya being home to rare earth minerals, Thistlethwaite said there is an opportunity for partnership. 

The establishment of the Australian Trade and Investment Commission (Austrade) in the country is among the springboards present to propel trade and investment between Kenya and Australia, with collaborations in other key areas such as health and sports. [Noah Kipkemboi]

 

Share this story
When trust is what it takes to make good profit
 There are ways you can use the trust invested in you by others and capitalise on it.
Unlocking Kenya's next phase of growth through powering SMEs
Many businesses, especially small and medium-sized enterprises (SMEs), remain highly exposed to shifting market conditions and unpredictable policies.
Why Telegram remains most restricted social media platform globally
21 new instances of social media restrictions by 14 countries were observed, a higher number than the 18 cases in 7 countries in 2024.
Low financial literacy holding back more funding to farmers, says top bank official
Many farmers remain ineligible for financing due to a lack of consistent transactions through bank accounts, denying lenders the financial data needed to assess creditworthiness.
Hiking is the new exploration cashcow for Africa's foresight
Kenya‘s future will be shaped by Africans who understand that Rift Valley cliffs, volcanic peaks, hot springs, and forest trails are not just scenery. They are underused economic assets. 
.
RECOMMENDED NEWS