The European Commission announced that a trade agreement with Kenya which was a first in Africa had come into effect starting July 1, 2024. The EU-Kenya Economic Partnership Agreement was negotiated between the European Union (EU) and President William Ruto’s administration. On why Kenya was the first country chosen for such a deal, the EU described the nation as East Africa’s main economic hub. In 2023 alone, trade between the European Union and Kenya reached an all-time high of Ksh416 billion. This will be possible because the agreement now fully opens the EU market to Kenyan products as well as incentivise EU investment in Kenya.

Source: Daily Nation July 01, 2024 17:22 UTC