Browsing: United Kingdom

President William Ruto | Kenya's Agricultural Productivity
  • Since ascending to office in September 2022, President Ruto has remained relentless in his bid to boost Kenya’s agricultural productivity.
  • Agriculture remains the bedrock of the country’s development and the key to creating equitable and sustainable growth for its citizens.
  • President Ruto has focused on implementing policies and programs to enhance productivity, improve farmers’ incomes, and ensure food security.

Agriculture as a bedrock of Kenya’s economic prosperity

Kenya has made impressive economic strides in innovation and entrepreneurship, private sector enterprise, infrastructure, and human skills development. However, agriculture remains the bedrock of the country’s development and the key to creating equitable and sustainable growth for its citizens. The importance of agriculture has been highlighted in Kenya’s Vision 2030

Moreover, research has demonstrated that agriculture remains a major driver of economic prosperity for most African countries. In addition to driving economic growth, agriculture creates jobs for most rural communities and is essential …

Queen Elizabeth II, Britain’s seven-decade figurehead and the longest-reigning monarch died aged 96. www.theexchange.africa

Queen Elizabeth II’s leadership of the Commonwealth for the past seven decades has remained admirable. She steered the institution’s evolution into a forum for effective multilateral engagement whose potential to drive tremendous socioeconomic progress remains incontestable and redounds to the Queen’s historic legacy.

Over the years, Britain’s interactions with its former colonies in Africa have grown to diplomacy, aid, trade and economic growth. The Queen has, over the years, remained highly revered and recognized as the head of the Commonwealth. The Queen has now rested. Her death breeds a wave of uncertainty about the future of the organization. The possibility of the status of the British monarch also disappearing becomes more visible. At this point, the rout of the British monarchy in Africa could be complete.…

UK Africa Relations

According to The Carnegie Endowment, "UK investors accounted for the second-largest FDI stock in Africa in 2019 with US$66 billion, with roughly 83 per cent concentrated in oil, gas, mining, and financial services." 

However, the connection between the two areas is important. After the UK's post-Brexit foreign and development policy, the relationship between the two was strengthened in 2020 during the UK Africa Investment Summit, thanks to the establishment of the UK's Foreign, Commonwealth, and Development Office.

At the Commonwealth Heads of Government Meeting (CHOGM) this year in Rwanda, common principles and plans for improving people's lives were reaffirmed. The most ideal goal to which almost every country in the region aspires is the economic prosperity of Africa.…

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Nigerian art firm, Looty, converts stolen African art into NFT sales. www.theexchange.africa
  • Chidi hopes that activism will eventually see European museums return all stolen artwork to Africa. However, he dreams of building a metaverse that comprises all the pieces Looty reclaims
  • The Looty project started operation in November 2021 but will officially launch its website on May 13. The upcoming website will only support the purchase of NFT art via cryptocurrency
  • Aside from Chidi, the project also involves two other Nigerians and a Somali, with each team member specializing in 3D design, NFT technology, or editing
  • The project has already created 25 NFTs, among them the famous “Benin Bronzes” in Nigeria that were looted 125 years ago

During the pre-colonial error in Africa, a wide range of valuable artefacts were taken away to the western countries. About 60 years later, Africans feel the need to get the artworks back to preserve their history. However, one Nigerian art firm called Looty has come

Baron & Cabot company helps Kenyans buy real estate property in the UK. www.theexchange.africa

The UK-based investment company has built a market-leading research strategy to facilitate decisions involving property investment. The investor simply chooses what would be suitable for them; the company gives a step-by-step guide on choosing the right property to purchase in the United Kingdom. 

This strategy gives the investor the power and confidence to ask the right questions for profitable property investment in the country.

According to Mark Pearson, Baron & Cabot’s primary goal is to ensure the property investment process remains transparent and straightforward, even as the demand for property investment rises among African investors. …

United Kingdom Export Finance boost investments in West Africa. www.theexchange.africa

There were more than 3,000 delegates that participated in the conference this year, boosting trade and investment ties between the continent and the UK.

The UK government is also mobilizing support from the United Kingdom Export Finance (UKEF) to boost exports to Africa. Prime minister Boris Johnson’s administration, provided support worth US$3.04 billion in 2021.

In West Africa, the support has been directed towards a range of significant infrastructural projects, construction of major roads, environmental and social work, medical services and technological equipment.…

Kenya, UK secure a trade deal

Kenya and the United Kingdom signed a new trade deal that guarantees duty-free access to the UK market for Kenyan exporters and vice versa.

The agreement will end the era of doing business through protocols of the European Union (EU)  from which London will be exiting by the end of December 2020.

The agreement was titled: The Economic Partnership Agreement between Kenya, a Member of the East African Community, of the one part and the United Kingdom of Great Britain and Northern Ireland, of the other part. It was signed by Kenya’s Trade and Industrialisation Cabinet Secretary, Betty Maina and UK’s International Trade Minister Ranil Jayawardena in London.

“I am delighted that today we have signed a trade agreement with Kenya. This deal makes sure businesses have the certainty they need to continue trading as they do now, supporting jobs and livelihoods in both our countries. Today’s agreement is also …

further africa

BREXIT trade impacts in Southern Africa

If everything goes according to plan (and that’s a big statement), January 1st shall see the departure of the United Kingdom from the European Union, its single market and customs agreements.

As much as I would like to, it is becoming increasingly hard to believe that the parties will conclude a trade deal in time for the official divorce date. I am sceptical of a “hard” BREXIT as I believe that some sort of policy extension will remain in place for quite some time; anything else would be economic madness and given the current pandemic no politician would allow that to happen. (I know what you might be thinking but, luckily, that kind of stupid is currently reserved for leaders across the Atlantic).

The EU is South Africa’s largest trade partner while South Africa has long and in-depth trade relations with the United Kingdom. …

United Kingdom-Ghana partnership yields £80.3 million

The United Kingdom partnership  with Ghana brought in £80.3 million to build a new major road system, creating jobs and building expertise across Ghana.

A statement issued by the British High Commission in Accra said the partnership aims to build the Tema-Aflao highway agreed between BHM Construction International, a British company and the Ministry of Roads and Highways.

According to the statement, the more than 500 Ghanaians will be employed by the Tema to Aflao project, which forms part of the ECOWAS coastal expressway.

The Ministry of Roads and Highways signed a contract with BHM Construction International and the British High Commission witnessed the signing.

The statement also said that the project would improve Ghana’s transport links whilst creating skilled jobs for local people across the country.

“The significant strengthening of Ghana’s road system shows the UK-Ghana partnership at its best; a long-term partnership working for the long-term benefit of …