Kenya and US are expediting the finalisation of a Strategic Trade and Investment Partnership (STIP) agreement, which will anchor increased trade, boost manufacturing, create jobs and spur investment between the two countries.
This was revealed during a telephone conversation between Presidents Joe Biden and William Ruto Tuesday evening.
The US President called Ruto to discuss among other issues mutual prosperity by spurring new investments, jobs, and sustainable growth.
“Together, they discussed additional opportunities to promote regional security and mutual prosperity by spurring new investments, jobs, and sustainable growth” said the White House.
A readout issued jointly by the State House in Nairobi and the White House said the discussions focused on the two countries’ shared democratic values and belief in the rule of law as a platform for expanding economic opportunities and prosperity.
President Ruto said they are keen on partnerships that will spur Kenya’s economic growth.
“ We are particularly keen on partnerships in infrastructure, renewable energy, green manufacturing and empowering Micro, small and medium-sized enterprises (MSMEs), a key engine in our economic growth” Ruto stated.
The call comes hours after the United Nations Security Council (UNSC) passed a resolution granting a mandate to Kenya to intervene in Haiti.
The US President thanked Kenya for accepting to lead the Multinational Security Support (MSS) mission to Haiti and expressed America’s support for the mission. He also congratulated Kenya for successfully hosting the African Climate Summit.
“President Biden also congratulated President Ruto for hosting the recently concluded Africa Climate Summit and expressed appreciation for the U.S.-Kenya strategic partnership, which is founded on a pursuit of shared solutions to global challenges,” said White House.
The two leaders pledged to continue to engage on matters of regional security, conflict resolution, and the fight against terrorism to ensure the Horn of Africa has the room to focus on social and economic advancement.