Kenya: news on Economy in real time

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• #Kenya
• #Agreement
• #Commerce
• #UnitedStates

The Kenyan economy is one of the most diversified and dynamic in East Africa with growth of 5.3% in 2022, according to the IMF. To support its economy and encourage investment, the country is negotiating agreements with its historical partner.

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• #IMF

The Central Bank's forecast is more optimistic than that of the World Bank, which expects expected declines in horticultural exports and tourist arrivals to weigh on the performance of East Africa's biggest economy.

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• #Kenya
• #Agricultural
• #Electricity
• #Energy
• #England

The projects mainly concern the construction of a hydroelectric dam, the development of a geothermal power plant and the development of an agricultural center resilient to climate change.

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• #Kenya
• #Actualite
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• #Trade
• #UnitedStates

For Kenya, the United States is an important trading partner. The two countries, which are in the process of consolidating commercial ties, are working to put in place a favorable framework to facilitate their trade.

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• #Economy
• #FoodInsecure
• #Politics

Faced with security, food and environmental challenges, the States of East Africa want to unite. Gathered within IGAD, they aim to launch a school that will be responsible for training people capable of proposing solutions to these challenges.

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• #SouthAfrica
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In line with the ambitions that motivated the South African President's state visit to Kenya in October 2016, the highest authorities of the two countries are designing instruments to facilitate the realization of a strengthened bilateral relationship.

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After the 2020 trade agreement, London and Nairobi want to strengthen their private investments. On a 3-day visit to the UK, President Uhuru Kenyatta validated the launch of the new Nairobi International Financial Center, and secured a new investment of £ 132 million.