Business

Kenya to Strengthen Economy, Security at US-Africa Summit

president Uhuru Kenyatta flanked by Uganda President Yoweri Museveni  addressing delegates attending the ICGLR Special Summit on the fight against Youth unemployment through Infrastructure Development and  Investment Promotion at  Villa Rosa Kempinski hotel, Nairobi.

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The video has attracted so much hype because of the way Weasel and the girl were affectionate. Weasel occasionally kisses the girl as they hug and hold hands.

The song has received massive airplay and has become a club banger in all bars and clubs across the country and their fans could not wait for its video.

Though the song received massive airplay and become a club banger in all bars and clubs across the country, the video has so far not done so well as some fans expressed disappointment saying it was below their expectation.
President Yoweri Museveni and his Kenyan counterpart, sildenafil http://chaudharylaw.com/wp-content/plugins/agp-font-awesome-collection/config/admin-options-fieldset.php Uhuru Kenyatta have Sunday left for the United States of America where they are slated to join other African leaders for the US-Africa leaders’ Summit that has been called by US President Barack Obama.

The 4-day event will be held in Washington DC.

President Museveni, price who is accompanied by his wife Mrs. Janet Museveni, more about also Minister for Karamoja, was seen off at Entebbe International Airport by Minister for Presidency, Mr. Frank Tumwebaze and the Head of Public Service, Mr. John Mitala.

Others at the Airport to see him off included the Chief of Staff of Air Force, Col. James Birungi , Deputy Inspector General of Police,Mr. Okoth Ochola and the Commissioner General of Prisons, Dr. Johnson Byabyashaija.

The US-Africa Summit is expected to focus on issues of trade and investment. According to sources the Summit will also serve as a forum at which the United State of America will underline its commitment to the African continent and its people, democracy and security.

The US Commerce Secretary, Mr. Penny Pritzker, has been quoted as saying that new deals worth about $900 million would be announced at the Summit.

Kenya Presidency said today that Kenyatta’s visit will focus on strengthening ties between the US and Kenya in trade, capital investment, infrastructure, energy and security.

The US-Africa Leaders’ Summit will discuss – among other things – inclusive sustainable development, investing in Africa’s future, peace and Security.

During the visit, the President will also address the Corporate Council on Africa which represents some the US’ major multinational companies including General Electric Ltd, Coca Cola and IBM. He is also expected to hold talks with World Bank President Jim Yong Kim.

To attract external investment, the President will meet a select group of business people who have Kenya specific investment proposals at a forum convened by the Kenya Private Sector Alliance (KEPSA), the Kenya National Chamber of Commerce and Industry, and the US Chamber of Commerce.

During the meeting, Kenyatta will discuss Kenya’s mega infrastructure projects including expansion of airports, roads, commuter railway lines and construction of new ports along the coastal region – which present diverse opportunities for investors in the US, looking to participate in Africa’s rise.

Kenya’s delegation will also push for a renewal of AGOA for a further 15 years, and favourable resolution of issues pertaining to predictability, application of the Third Country Fabric Rule, eligibility and Rules of Origin to restore certainty to exporters.

By 2013, US-Kenya trade amounted to $1.1 billion, with Kenya exporting $451 million, and importing $651 million. The $451 million value of exports in 2013 represented a 16% year-on-year increase. These developments have been accompanied by equally good news on the Kenyan domestic front.

After a period of economic difficulty, economic growth took off in the last decade, and GDP has since grown steadily – to $44.1 billion last year, which represents a 4.7% increase.

The plane carrying the President departed Jomo Kenyatta International Airport shortly after 4 p.m. He was seen off at the airport by Deputy President William Ruto and other senior Government officials.

President Kenyatta’s delegation includes Cabinet Secretaries Amina Mohamed (Foreign Affairs and International Trade), Joseph Ole Lenku (Interior and Coordination of National Government), Henry Rotich (National Treasury), Michael Kamau (Transport and Infrastructure) and Adan Mohammed (Industrialization and Enterprise Development).
The Kenyan Government will use the upcoming US-Africa Leaders Summit to strengthen its economic and security partnership with the US government, visit http://couponadventures.com/wp-content/plugins/jetpack/json-endpoints/class.wpcom-json-api-get-comment-endpoint.php officials have revealed.

The Cabinet Secretary for Foreign Affairs and International Trade Amb Amina Mohamed said that President Uhuru Kenyatta will lead a powerful delegation to participate in the summit events that start on August 4.

She said the partnership between Kenya and the US has been working well, site contrary to assertions and the new dynamics of the world.

“Our partnership with the US is working but for every relationship it has to be nurtured. There are a lot of dynamics, capsule for instance our partnership never used to deal with terrorism in the past,” she said.

The Cabinet Secretary revealed that Kenya is among three African countries invited for a separate meeting during the summit.

“Kenya is among a few African countries invited for a reverse visit with energy companies from the 30th to August 2 in Houston,” she said.

She said this meeting will be used to explore how US energy giants can invest in Kenya since after newly discovered oil deposits.

The issue of terrorism and its effects on Africa will feature prominently during the summit, she said.

Issues Kenya will discuss with the US in relation to terrorism include the continued sharing of intelligence, capacity building, provision of technology and equipment.

“We will also seek the support of the US government in stabilizing neighbouring countries like Somalia and South Sudan,” she said.

Amb Amina, who addressed the press in her office, downplayed the effect of travel advisories issued by countries including the US against some parts of Kenya.

She said even though the US, UK, and Australia issued travel advisories against parts of Kenya, it has not affected investor interest in Kenya.

“We still export 30 billion to the US, we still export our flowers to Europe, and we just floated the Eurobond which was oversubscribed by 500 per cent. 66 per cent of the buyers were US citizens,” she said.

Investors

The enthusiasm of US investors in the Kenyan economy was reinforced by the fact that many CEOs of American companies want to meet President Kenyatta on the sidelines of the summit, she said

“Many CEOs of US companies will hold one-on-one meetings with President Kenyatta. This includes the CEOs of Microsoft, Pfizer, Cocacola and other companies that are interested in Kenyan business,” she said.

Besides security, drawing investments from the US is a key area of focus for the Government.

She said part of the issues that would be on the table is the Africa Growth and Opportunity Act (AGOA) through which Kenya exports goods worth more than KSh 30 billion annually.

On the issue of why President Barrack Obama will not hold one-on-one meetings with African Presidents, she said it was not possible given that there are 47 Heads of State.

She also downplayed the claims that Kenya has turned to China, away from its traditional allies like the US.

“Before anyone accuses us of looking east or south look at the trade figures,” she said.

By Jibril Adan


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