President Mwai Kibaki of Kenya and his Burundian counter part Pierre Nkurunziza, who ended a three-day official visit to Kenya on Friday, signed two protocols on reciprocal promotion and protection of investments and m e dical services between the two countries.
The Protection of Investments Protocol, signed by Deputy Prime Minister and Mini ster for Finance Uhuru Kenyatta, and his Burundian counterpart, Mr. Astère Giruk w igomba, intends to promote and stimulate the flow of capital and technology betw e en Kenya and Burundi.
Under the Promotion and Protection of Investment protocol, Kenya and Burundi wou ld provide the necessary assistance including granting of work permits to nation a ls engaged in activities related to investment.
The investment agreement encourages use of local human and material resources fo r the promotion of investment and allows the repatriation of profits.
The medical services protocol, signed by the Foreign Affairs Minister Moses Weta ngula and his Burundian health ministry counterpart, Dr. Emmanuel Gikoro, would e nsure twinning of public hospitals in the two countries for purposes of referral
of patients, exchange of specialists and sharing of information and protocols on
The medical services protocol also allows Kenya and Burundi to co-operate in tra ining of medical and paramedical staff and sharing of the best practices in drug
procurement, health disaster management, medical research and implementation.
The two agreements which come into force immediately, were signed at State house , Nairobi.
They will be implemented within the tax laws, regulations and conventions of eac h contracting country.
Kenya and Burundi are expected to make formal requests on areas of interest by D ecember 2009.
President Nkurunziza later toured a number of projects in Nairobi which are fund ed by the Youth Affairs and Sports Ministry.