India and Kenya are actively exploring the option of settling trade transactions in local currencies to bolster bilateral commerce. This initiative was highlighted during the India-Kenya Joint Trade Committee meeting held on April 27-28, 2023, co-chaired by Commerce Secretary Rajesh Agrawal from India and Regina Akotah Ombam, Principal Secretary of the State Department for Trade in Kenya. The discussions also focused on enhancing digital public infrastructure, including the development of UPI-like payment systems and Bharat Connect, aimed at improving financial inclusion. The bilateral trade between the two countries reached $4.31 billion in the fiscal year 2025-26, marking a significant 24.91% increase from $3.45 billion in 2024-25. Additionally, Kenyan banks have established Special Rupee Vostro Accounts with Indian banks, which could facilitate smoother transactions. An important memorandum of understanding was signed between the Central Board of Indirect Taxes and Customs (CBIC) of India and the Kenya Revenue Authority (KRA) to streamline customs procedures and enhance the ease of doing business.