Browsing: Kenya-US trade relations

Kenya is benefiting from a shift in US foreign policy towards Africa as the global economic giant scales up its presence on the continent to counter rising Chinese influence. China has grown into Kenya’s biggest bilateral lender and source of imports, which grew 9.0 per cent to Sh227.9 billion and accounted for 18.2 per cent of the total import bill in the six-month period.

Kenya is among African nations benefiting from a U.S. shift in foreign policy as it scales up its presence on the continent. The U.S. trade office said the two countries are developing a road map of engagement in agriculture, digital trade, customs procedure and other areas.

However, according to an article by The East African dated September 24, 2022,  American technology giants want the Biden administration to compel the Kenyan government to abolish the digital services tax (DST) as a condition for a new trade deal.…

In February 2020, just weeks after Kenya and the US had commenced talks to set up a trade deal, another announcement was being made. The US Department of Agriculture announced that Kenya will start receiving wheat from Idaho, Oregon, and Washington State after the states addressed plant health concerns.

The announcement ensured that a trade barrier that existed prohibiting US wheat exports was lifted. It allowed US wheat growers in the Pacific Northwest access to Kenya’s wheat market for the first time in over a decade after the US-Kenya Trade and Investment Working Group adopted a phytosanitary protocol.

Kenya’s domestic wheat production only meets around 10 percent of its annual demand. According to KNBS, Kenyans consume an estimated one million tonnes of wheat annually hence the country faces a deficit of more than 750,000 tonnes.

The country sources much of its wheat import volume from nearby suppliers—Tanzania, South Africa, Russia, …

Kenya is preparing to host several American companies during the American Chamber of Commerce (AmCham) Kenya annual Business Summit that will be held on November 4 – 5, 2018 in Nairobi.  More than 200 American companies will participate in the meeting that seeks to explore investment opportunities in Africa.

The Summit, now in its second year is held in partnership with the Kenya and U.S. governments as well as the U.S. Chamber of Commerce and serves as an engagement platform for the U.S. and the greater East Africa region to focus on strengthening two-way, enterprise-driven, trade and investment, forging long-term economic ties and mutual prosperity.

AmCham Kenya Board President Phillipine Mtikitiki described this saying, “The Summit is an opportunity to present and discuss realistic, feasible, collaborative measures and ways in which American and local businesses can leverage the numerous opportunities available in the various sectors of the economies of …