Browsing: Economic Partnership Agreement (EPA)

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

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.

READ ALSO:Tanzania’s ‘jilted lover’ attitude hinders uniting East Africa

Tanzania’s opposition leader Freeman Mbowe said though Hon.Njagua …