President Uhuru Krenyatta's presence at
US Africa summit expected to end frosty relations US President Barrack Obama
and First Lady Michelle (centre) pose for a photo with President Uhuru Kenyatta
(centre) at White House during a dinner with African heads of state. The US has
recently cut down its embassy staff in Nairobi and also pushed back funding for
various projects and programmes in the country. This has impacted negatively on
business and stakeholders are hoping that President Uhuru Kenyatta's presence
at the ongoing USAfrica leadership forum in Washington DC will end the frosty relations
between Kenya and the US. "We hope the issue of lifting travel advisories
will feature prominently. We are losing a lot through cancelled tourist
bookings," said Kenya Hotel Keepers and Caterers Association Chief
Executive Officer Michael Macharia.
The USAfrica leadership summit, which ends
today, provides the two nations with an opportunity to reassess their
relations. The US remains an important trading partner and the source of more
than 50 per cent of Kenya's inward remittances. "The US recently bought 66
per cent of our Eurobonds and is a strong counter-terrorism partner. Therefore,
Kenya has everything to gain from encouraging this relationship," said Aly
Khan Satchu, an independent analyst in Nairobi. An inter-ministerial Government
committee is in the US seeking an extension of the African Growth and
Opportunity Act (Agoa). See also: With improved relations, Kenya stands to
benefit from Agoa "Kenya's textile industry is picking momentum after
failing to satisfy the Agoa market for some time now. We need to have a
trickle-down effect of this trade instrument," said Anthony Muriithi, the
acting chief executive officer of Cotton Development Corporation. "Recent
discoveries of oil, gas and coal in parts of Eastern Africa have changed relations
between the US and Africa," said Gerrishon Ikiara, a senior lecturer of
economics at the University of Nairobi.
No comments:
Post a Comment