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    1.0.30

    US-Kenya agree on bolstering ties on trade infrastructure

    Nelly
    By Nelly K.
    - August 28, 2018
    - August 28, 2018
    Kenya Business news
    US-Kenya agree on bolstering ties on trade infrastructure

    President Uhuru Kenyatta last night met with US President Donald Trump at the White house Washington DC where the two leaders spoke matters on trade, security and enhancing the strategic partnership between the two countries.

    Mr. Kenyatta is the second African head of state to meet Trump at the white house following a recent visit by the Nigerian president.

    The two leaders committed to expanding their economic cooperation by establishing a US-Kenya Trade and Investment Working Group to explore ways to deepen ties between the two countries. Further the two were thrilled in the established direct flights between Nairobi-New York a move that is set to expand the economic and cultural ties between the two countries.

    Nairobi Mombasa Superhighway

    While recognizing the importance of high-quality infrastructure, President Trump alluded to what he called the ‘massive roadway’ infrastructure project referring to the high speed Nairobi-Mombasa expressway project. Both sides agreed to undertake further consultations to conclude the terms of the financing agreement.

    #FundingSecured

    $3.0 Billion LOAN for the construction of the 473-kilometre Nairobi-Mombasa expressway which will be implemented by US-based engineering company BECHTEL Corp. pic.twitter.com/9XtjkBEmqW

    — Kenyanwallstreet (@kenyanwalstreet) August 28, 2018

    The Kenya National Highways Authority(KeNHA) had handpicked United States engineering and construction firm Bechtel Corporation build the 473Km express highway improving connectivity and efficiency reducing transit time from 10 hours to 4 hours.

    “This and nearly $900 million in other commercial deals and engagements announced during the visit are expected to create thousands of American and Kenyan jobs, further enhancing the prosperity and economic competitiveness of both nations.” said a statement from the US Embassy in Kenya

    Fight against terrorism

    The leaders pledged to deepen defense and security cooperation on the back of the recent acquisition of military equipment to enhance KDF capabilities in the fight against violent extremists and counter terrorism.

    Further he US has pledged to strengthen Kenya’s national disaster and crisis response facility. President Trump commended the KDF for their service and sacrifice.

    Meanwhile, President Kenyatta will also be meeting Britain’s prime minister Theresa May on Thursday this week as part of her 3 day visit to Africa alongside a group of business delegates.

    The Kenyan Wall Street

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