Browsing: Joe Biden

CCA president and chief executive officer Florizelle Liser said the forum allowed over 2,200 participants to network.

“CCA looks forward to partnering with the US Chamber to jointly convene the private sector as part of the Summit’s Africa Business Forum, which will help drive progress towards a trade and investment relationship that unlocks opportunity and growth for both the U.S. and Africa,” Liser said.

The US-Africa Leaders Summit will build American and African shared values and hopes to foster new economic engagement. It will also reinforce the two regions’ commitment to democracy and human rights. Among the issues to be discussed are mitigating the impact of COVID-19 and future pandemics and working collaboratively to strengthen regional and global health.

Climate change is another matter of concern that needs a response by respective governments. Nevertheless, Biden said he was hopeful the summit would be a success.

The United States (US) Senate has approved the nomination of Meg Whitman as the US ambassador to Kenya. 

Whitman is one of the richest Americans. According to Forbes, her net worth is estimated at US$2.9 billion (Sh 343.3 billion). She sits on the boards of Procter & Gamble and General Motors.

The 65-year-old was vetted by the US’s Senate Foreign Relations Committee following her nomination by President Joe Biden in December 2021.

The two ministers gave their views during the virtual conference on how to advance economic and trade relationships between their countries.

Ambassador Katherine Kai released a statement complimenting Kenya’s key leadership stewardship in Africa and emphasised on the US government commitment to intensify the reciprocal US- Kenya relationship.

The statement continued that the two trade ministers counselled their teams in identifying “productive avenues” to important issues aimed at aligning the developing partnerships to the “trade policy centered to the workers in the US- Kenya trade and investment partnership” while concurrently commenting on the economic and trade relationships between Kenya and the US.

A report launched in April 2021 on the US-Kenya trade negotiations analysing the implications for the future of the US-Africa trade relationship shows that if successful, the FTA would represent the most significant innovation in US-African trade relations since the enactment of the African Growth and Opportunity Act (AGOA) trade preference programme in 2000.

With a new administration taking over in the US following an election where Trump lost to President Joe Biden, an agreement has yet to be reached. This presents the Biden administration with a decision on whether to continue negotiations with Kenya.