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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...

Biden Revives Trump's Africa Business Initiative Voice of America 28 Jul 2021, 08:05 GMT+10 The Biden administration on Tuesday announced a new push to expand business ties between U.S. companies and Africa, with a focus on clean energy, health, agribusiness and transportation infrastructure on the continent. U.S. industry executives welcomed the interest but said dollar flows will lag until the administration wraps up its lengthy review of Trump administration trade measures and sets a clear policy on investments in liquefied natural gas. Dana Banks, senior director for Africa at the White H...

Last year, the U.S. and Kenya announced the launch of free trade negotiations, the first of its kind between the U.S. and a sub-Saharan Africa country. If successful, it would be the most significant trade development in the region since the enactment of the African Growth and Opportunity Act (AGOA) trade preference program in 2000. To better understand the key issues surrounding FTA negotiations, the U.S. Chamber’s U.S.-Africa Business Center (USAfBC), in partnership with Covington and the American Chamber of Commerce Kenya (AmCham Kenya), released a new in-depth analysis, “ “A trade a...

Shares The American Chamber of Commerce (AmCham) Kenya has partnered with the U.S. Africa Business Centre (USAfBC) and Covington to publish a business trade report. The report, titled U.S.-Kenya Trade Negotiations: Implications for the Future of the U.S.-Africa Trade Relationship, examines the challenges and benefits of a potential free trade agreement (FTA) between the U.S. and Kenya. Speaking during the report launch, AmCham Kenya CEO, Maxwell Okello, highlighted the purpose of the report as, “To contribute to the dialogue on achieving a robust, comprehensive, model FTA, by factual analy...

Wednesday, April 28, 2021 - 9:00am WASHINGTON, DC, - Today, the U.S. Chamber of Commerce’s U.S.-Africa Business Center (USAfBC), in partnership with Covington and the American Chamber of Commerce Kenya, released a new in-depth analysis “U.S.-Kenya Trade Negotiations: Implications for the Future of the U.S.-Africa Trade Relationship,” examining the challenges and benefits of a potential free trade agreement (FTA) between the U.S. and Kenya. “A trade agreement between the two countries would be the first of its kind between the U.S. and a sub-Saharan African country and would provide a ...