Kenya expects an increase in foreign direct investment (FDI) from the United States as the Free Trade Area (FTA) comes into force. Both US and Kenyan business representatives believe that Kenya could attract more investments owing to its geographical position as a gateway to the East African market. Talks on a free trade area began in 2018 after a meeting between immediate former US President Donald Trump and Uhuru Kenyatta last February. The deal seeks duty-free market access for US industrial goods to Kenya as well as agricultural, textile and apparel products. RELATED VIDEOS 44 out of 55 African Nations sign Continental free trade area agreement in Kigali-RwandaShare this story

Source: Standard Digital April 28, 2021 21:00 UTC