The Swiss President said Kenya is an attractive destination for investments and trade it serves as a gateway to Eastern and Central African region, and Swiss companies will benefit from the huge market provided by the AfCFTA agreement.
Japan is looking to expand its presence on the African continent, with trade and investment taking center stage during the Japan-Africa Public-Private Economic Forum held in Nairobi
Kenya wanted to do a deal with Washington before the expiry of the Africa Growth and Opportunity Act (Agoa), which allows sub-Saharan African countries to export thousands of products to the US without tariffs until 2025.
The platform has been in its pilot phase for about 18 months in Kenya, Morocco, Tunisia, Cameroon and Senegal, and will now be integrated in 22 countries.
The EU and Kenya agreed to advance negotiations on an interim Economic Partnership Agreement. The iEPA will be complemented by binding commitments on environmental protection, climate and labour rights.
The previous administration had launched talks with Nairobi on a bilateral free trade agreement, but those plans have been on ice until USTR completes a policy review.
Separate statements issued by both Kenya’s Trade Cabinet secretary Betty Maina and her US trade chief Katherine Tai, after a virtual meeting last Tuesday did not provide any timelines for resuming the stalled talks on the deal signalling a persisting deadlock.
The US’ main corn lobby group has urged President Joe Biden’s administration and Congress to prioritise trade deals with the US and Kenya to avoid losing their industry’s advantage over China.
African nations should not be expected to take the lead in addressing a climate emergency they did not create. The priority for Africa is to receive support and investment to build resilience and adapt to climate impacts.
Kenya and the US have revisited discussions on trade policies, giving hope to the stalled Free Trade Agreement (FTA) that started more than a year ago.
The exports and imports mismatch has been highlighted as a key concern as Africa continues to deepen trade with China.
Total foreign direct investments from the US to Tanzania was $1.5 billion in 2019. Tanzania is followed by Kenya - which received $353 million in the same year.
Countries yet to ratify the African Continental Free Trade Agreement (AfCFTA) have been urged to do so.
France-Kenya ties have intensified during the tenures of presidents Kenyatta and Macron. Franck Riester, France Minister Delegate for Foreign Trade and Economic Attractiveness, is leading a delegation to Kenya for a two-day visit.
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.