Browsing: Economic Partnership Agreement (EPA)

Beijing tightens China-Africa grip as trade rivals US, Russia seek bigger slice

Countries May 14, 2024

For the first time, the China-Africa Economic and Trade Expo (CAETE) came to Africa, with Nairobi playing host last week.
According to the Ministry of Commerce of the People's Republic of China, the forum is expected to spread across the continent, with different countries hosting it in the coming years.
The Asian country is keen to continue its influence and trade dominance on the African continent.

China has launched a charm offensive on Africa in renewed efforts to tighten its grip on the continent. The West has recently shown growing interest in political and investment corporations, and China is seen as keen to continue its influence on the continent.

For the first time, the China-Africa Economic and Trade Expo (CAETE) came to Africa, with Nairobi playing host last week. According to the Ministry of Commerce of the People's Republic of China, it is expected to go around the continent, with…

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Kenya and the UK agreed to accelerate work to remove barriers affecting bilateral trade and investment,

Kenya looking for $18 billion in investments from UK investors

Kenya March 21, 2023

Kenya’s Cabinet Secretary for Investment, Trade, and Industry Moses Kuria is leading a high-powered government delegation to London for the Economic Partnership Agreement and Investment meeting.
Kenya is leveraging on the talks to intensify pitches to investors.
This is in an effort to net at least $10 billion in Foreign Direct Investments (FDIs) this year.

Kenya’s Cabinet Secretary for Investment, Trade, and Industry Moses Kuria is this week leading a high-powered government delegation to London for the Economic Partnership Agreement and Investment meeting, that Kenya seeks to intensify pitches to investors.

The government is aiming to net at least $10 billion in Foreign Direct Investments (FDIs) this year in a plan mooted by the Kenya Investment Authority.

The forum is being held through a Ministerial Council meeting on the Economic Partnership Agreement, which was scheduled to kick-off on Tuesday, March 21, 2023 in London.

“The forum will provide a platform …

The Kenyan business community is now hopeful Tanzania will uphold its commitment of opening up its borders for trade under the Single Customs Territory after President Uhuru Kenyatta’s visit to Tanzania this weekend. The diplomatic and trade relations of the two countries had last week plummeted following remarks by a Nairobi politician, which indicated foreigners would be thrown out. President Uhuru Kenyatta has called on East Africans to unite in order to develop a prosperous region. Kenya-Tanzania trade is expected to remain stable with further unity expected among the East Africa Community member states.

Kenya-Tanzania relations now stronger, positive on trade

East Africa July 6, 2019

The Kenyan business community is now hopeful Tanzania will uphold its commitment of opening up its borders for trade under the Single Customs Territory (SCT), after President Uhuru Kenyatta’s visit to Tanzania this weekend.

The diplomatic and trade relations of the two countries had last week plummeted following remarks by a Nairobi politician, which indicated foreigners would be thrown out.

Emotions ran high among legislators of the two countries, after Kenyan-Starehe MP Charles Njagua’s remarks on foreigners.

The legislator on June 26, turned the heat on foreign traders accusing them of taking over key city markets, while they harassed. He threatened to flash out foreigners and have them deported.

Njagua’s sentiments were not well received in Tanzania where a heated debate ensued in Parliament, with legislators threatening a diplomatic action against Kenya.