The Embassy of the Republic of Azerbaijan in Addis Ababa says that the country’s foreign investment in its neighborhood has exceeded $35 billion and it is looking to increase the portfolio with investments in Kenya.

The statement was in reply to a story published in titled “Azerbaijan Embassy in Nairobi Opens More Business Opportunities.”

The Investment News story was in response to an increased readership and questions from Azerbaijan about business opportunities in Kenya. The purpose was also to highlight to Kenyans the kind of business opportunities that trade relations between Azerbaijan and Kenya offer to them.

The Embassy statement, signed by the Public Relations Officer Mr. Aderajew Asfaw, also pointed out that the picture we published as that of Ambassador Elman Abdullayev was incorrect. We publish with this story the correct picture of Ambassador Elman Abdullayev and wish to offer our apology for the mix-up.

Asfaw said in the statement: “On behalf of the Embassy, I am very grateful that you produced such a splendid news article on the relations of Azerbaijan and Kenya. I also hope that our cooperation in this regard and beyond will continue.”

 Azerbaijan is situated at the crossroads of Southwest Asia and Southeastern Europe. It is bounded by the Caspian Sea to the east, Russia to the north, Georgia to the northwest, Armenia to the west and Iran to the south.