National Treasury Principal Secretary Kamau Thugge, who signed the agreement on behalf of Kenya said the government was happy for the progress so far made.
"We are delighted to reach agreement with the Government of Jersey on this important matter. We welcome the positive cooperation between Kenya and Jersey and look forward to an enhanced partnership in future," Dr Thugge said.
The Chief Minister of Jersey, Senator Ian Gorst, who represented Jersey said the two countries are tackling finance related crimes without fear or favour.
"The signing of this agreement conveys a powerful message that both Jersey and Kenya are committed to combating issues of historic corruption and financial crime,” he said.
The process, they observed, has taken time because of the legal complexities of confiscation and asset sharing.
The Senator said the completion of this agreement is a step towards ensuring these funds are returned to the people of Kenya, where they rightfully belong