Kenya and Slovakia have moved to strengthen bilateral investment cooperation after the Kenya–Slovakia Business and Development Forum in Nairobi brought together senior officials, private-sector leaders, development partners and a 35-member Slovak business delegation.
The forum’s main outcome was a Mutual Cooperation Agreement between Invest Kenya and the Slovak Investment and Trade Development Agency, known as SARIO. The agreement is expected to support investment promotion, business linkages and institutional collaboration between the two countries as Kenya seeks to attract more European capital into priority sectors.
Key Overview
Kenya hosted the Kenya–Slovakia Business and Development Forum at Hyatt Regency Nairobi Westlands.
The forum brought together a 35-member Slovak delegation active in renewable energy, green technology, water management, engineering, cybersecurity, healthcare, agriculture, infrastructure and e-mobility.
Invest Kenya and SARIO signed a Mutual Cooperation Agreement to deepen investment promotion and business cooperation.
KEPSA also renewed its collaboration with SARIO through a separate business and investment cooperation MoU.
Slovakia said bilateral trade turnover with Kenya reached €8.7 million last year, below the potential seen by both sides.
The forum aligns with Kenya’s wider strategy of using European partnerships to unlock investment, technology transfer and export opportunities.
Kenya Positions Itself as Slovakia’s East Africa Gateway
Kenya and Slovakia are seeking to convert diplomatic engagement into practical investment flows after the Nairobi forum created a new platform for business matchmaking and project development. According to Invest Kenya’s update, the event brought together government leaders, development partners, private-sector stakeholders and Slovak companies looking at opportunities in Kenya’s priority sectors.
The Slovak delegation covered areas that closely match Kenya’s current development agenda, including renewable energy, water management, cybersecurity, healthcare, engineering, agriculture and e-mobility. These sectors are increasingly important as Kenya expands infrastructure, digitises public services, attracts green investment and positions itself as a regional base for companies targeting the wider East African market.
Slovakia’s Foreign and European Affairs Minister Juraj Blanár described Kenya as an important partner in East Africa, both politically and economically. In Slovak reporting, he said the visit marked the start of a more dynamic and systematic effort to deepen trade and investment relations between the two countries.
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New Agreements Target Business Linkages
The signing of a Mutual Cooperation Agreement between Invest Kenya and SARIO was the headline institutional milestone of the forum. The agreement is designed to promote investment opportunities, facilitate business linkages and strengthen economic cooperation between Kenya and Slovakia.
The Kenya Private Sector Alliance also used the forum to renew its collaboration with SARIO. In a partnership update, KEPSA said the MoU was aimed at strengthening business and investment cooperation between the two countries. The move gives private-sector players on both sides a clearer channel for follow-up after the forum, including business-to-business meetings, sector-specific dialogue and future trade missions.
For Kenya, the agreements come at a time when investment promotion agencies are trying to turn international forums into tangible deal pipelines. The country is already marketing itself around renewable energy, digital transformation, manufacturing, agribusiness, infrastructure and regional trade access.
EU Trade Access Adds Strategic Value
Kenya’s growing engagement with Slovakia also sits within a broader European trade and investment context. The EU–Kenya Economic Partnership Agreement entered into force on July 1, 2024, giving Kenyan products full access to the EU market while improving legal certainty for European investors in Kenya.
That makes the Slovakia partnership commercially relevant beyond bilateral trade alone. Slovak firms can use Kenya as a platform for East African expansion, while Kenyan companies can explore partnerships that improve technology transfer, industrial capacity and access to European markets.
However, the opportunity remains underdeveloped. Slovakia reported that trade turnover with Kenya reached €8.7 million last year, a level Blanár said did not reflect the full potential of the market. The next test will be whether the new agreements translate into real projects, financing commitments and long-term commercial partnerships across the sectors highlighted at the Nairobi forum.
Sources used: Kenya Investment Authority / TASR / Kenya Private Sector Alliance / European Commission
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