Kenya’s trade deal with the US might not be concluded in the next two years, fresh details show.
With the opening of a Kenyan embassy in Jakarta, Kenya and Indonesia are seeking to enhance trade ties.
Kenya has again appealed to Uganda for a joint strategy on accessing the European market through the stalled EU/EAC Economic Partnership Agreement (EPA).
The United Arab Emirates (UAE) plans to sign a comprehensive economic partnership agreement with Kenya to consolidate its position as a gateway for global trade and investment.
Kenya and Pakistan have ended a long-standing tariff war that hurt trade between the two countries, mainly Kenyan tea exports.
Dubai’s trade with Africa has grown by leaps and bounds over the last decade, thanks to several important developments that have established new business links between the emirate and promising markets across the continent.
There is a sense of drift in Africa’s trade relations with the West, as both America and Europe rethink how they do business with the continent. The old approach was paternalistic and gave Africans little say. But the new one, handled badly, could put Africa’s own integration at risk.
Kenya is engaging South Korea for a trade deal that will see reduction or complete removal of duty on exports to the Asian country, mainly on coffee and agricultural produces.
The EU-Kenya agreement to implement the Economic Partnership Agreement originally planned with the entire East African Community unties the Gordian knot between its supporters and opponents among African countries in the short term, but has long-term consequences beyond the divergence of tariffs towards the EU.
The administration of US President Joe Biden has kicked off the Prosper Africa Build Together initiative by requesting $80 million from Congress to build trade and investment between the US and Africa.
Kenyan-based TradeMark East Africa and the UK-based Institute of Export and International Trade signed a memorandum of understanding providing a framework for collaboration in the implementation of a digital trade corridor between the UK and Kenya.
Korean companies will archive market access through regional integration in Africa and East African region if Kenya is made base, according to Betty Maina, Kenya’s cabinet secretary for industrialization, trade and enterprise development.
Indian companies are flourishing well in overseas. The African Continental Free Trade Area (AfCFTA) provides a window to the Indian companies to tap a unified African market.
Kenya has the green light to pursue the Economic Partnership Agreement (EPA) with Europe after the regional business bloc recalled its previous position that restricted East African Community member states from endorsing the deal.
While the Kenya-UK EPA consistently makes reference to the EAC and even purports that its is signed on behalf of Kenya and the EAC, it fails terribly when examined against the above requirements of mutual cooperation.
A communique released after the meeting with EU chiefs indicated Kenya will be allowed to move forward with implementing the agreement, even after EAC member states hold reservations.
President Uhuru Kenyatta was on Monday afternoon received by King Philippe at the Royal Palace in Brussels at the start of his two-day official visit to the Kingdom of Belgium and the European Union.
Congolese businessmen hope that the trade, transport and security deals signed between Kenya and the DRC will lead to increased business for them at the Port of Mombasa.
MPs drawn from the sugar belt region now want Parliament to summon Trade CS Betty Maina over what they term a ’secret’ sugar importation deal with Uganda. They said the importation will kill the local industry.
President Biden’s administration is “looking forward to continue the ongoing discussions with regard to our FTA,” Blinken said Tuesday in a virtual meeting with Kenyan President Uhuru Kenyatta.