Kenya
Updates from Burkina Faso, Egypt, Kenya, Kuwait, Saudi Arabia, Tanzania.
Kenya spends at least Sh500 million in defending a single case filed by investors at international courts under the Bilateral Investment Treaties, according to a regional trade negotiation institute.
The UK-Eastern and Southern Africa (ESA) Trade Continuity Agreement is meant to replicate the Economic Partnership Agreement that the East African Community is yet to sign with the European Union.
Kenya is asking that EAC partner states adopt the variable geometry, a move that would be viewed as counter to regional integration.
Nairobi will from Tuesday host an African Chambers forum to help fast track realisation of the African Continental Free Trade Agreement (AfCFTA) as well as prepare businesses for the block.
A case filed by Cortec Mining Ltd and two others against the Republic of Kenya under the Kenya-UK BIT amounting to Ksh.200billion has been dismissed.
The UK will be planning to roll over "copycat" European Union agreements with African nations.
The prime minister has used her first official visit to the region of more than one billion people to stress that Britain’s relationship with former colonies, including Kenya and other African nations.
United States Trade Representative and Kenyan Cabinet Secretary for Industry, Trade and Cooperatives announced the establishment of a US-Kenya Trade and Investment Working Group to explore ways to deepen the trade and investment ties between the two countries.
Kenya’s trade officials have said they will be taking steps to expand exports and raise the country’s share of new investments during the second edition of Trade Week at the end of this month.
Deputy Prime Minister Tharman Shanmugaratnam meets their govt leaders, discusses ways to boost cooperation in various areas.
Singapore and Kenya signed two agreements yesterday, a Bilateral Investment Treaty (BIT) and an Agreement for the Avoidance of Double Taxation (DTA), to promote greater investment flows.
Kenya will not sign a free trade agreement that China has been negotiating with the East African Community (EAC) partner States since 2016.
The government risks losing up to Sh500 billion in an international arbitration case against mining firm, Cortec, after it failed to provide Sh100 million in the second mini-budget to pay a UK-based law firm representing it in the case.
East African leaders call for further negotiations on EPA with their European counterparts.
Under EPAs, small-scale farmers are disadvantaged.
Kenya is facing cases at International Centre for Settlement of Investment Disputes (ICSID) with claims amounting to Sh334 billion.
Global mining firms want Kenya compelled to pay Sh334 billion as compensation for cancelling their licences.
Kenya has initiated informal bilateral talks with Britain as it seeks to establish a new trade deal to protect its exports to the European market now that Brexit will likely affect duty free access of Kenyan goods to the country.
Indonesia seeks to initiate negotiations on trade agreements under both bilateral and regional schemes this year to help jack up the country’s exports.
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