US firms freeze Kenya expansion in Biden trade review
Thursday July 29 2021
US President Joe Biden speaks during climate change virtual summit from the East Room of the White House campus April 22, 2021, in Washington, DC. PHOTO | AFP
By GERALD ANDAE
Summary
US firms have frozen investment plans in Kenya due to uncertainty about a new free trade deal between the two countries.
Many American firms had already begun investing in Kenya, spurred by the prospects of a fresh bilateral trade and investment pact between Washington and Nairobi.
Talks on the free trade deal were, however, jolted by the exit of President Donald Trump’s administration late last year.
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