The U.S. and Kenya are gearing up for a new round of trade talks next month, with both countries looking to strengthen economic ties and seal new business deals. Kenyan President William Ruto recently visited Washington for a State visit, where the White House promised new partnerships in technology, security, and debt relief for the East African nation.
During his visit, President Ruto emphasized Kenya’s attractiveness to investors, pledging to make it easier to do business in the country. U.S. Commerce Secretary Gina Raimondo echoed this sentiment, urging business leaders to maintain momentum and continue making deals with Kenya.
The upcoming trade talks will be the sixth in-person negotiating round under the Strategic Trade and Investment Partnership (STIP), taking place in Mombasa from June 3 to 7. Both countries are optimistic about the potential outcomes of these discussions, with a focus on fostering direct foreign investment and boosting economic cooperation.
One of the key highlights of the recent events was Alphabet’s Google announcing increased investment in Kenya, including a partnership to build a fiber optic route connecting Africa with Australia. Additionally, the U.S. International Development Finance Corporation announced loans to support electric vehicle companies in Kenya, further solidifying the commitment to sustainable and innovative business ventures.
Overall, the new trade talks and business deals between the U.S. and Kenya signal a promising future for economic collaboration and growth between the two nations. The partnership between Kenya and Microsoft to build a data center in Naivasha and expand internet services to millions of people further demonstrates the potential for impactful and mutually beneficial initiatives in the region.