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Kenya, US launch trade talks [Business Africa]

Business Africa

<p>Severely affected by 14 months of fighting, Libya’s economic activities have come to a standstill. </p> <p>Tens of billions of dollars of industrial zones have gone up in smoke, and today banks are struggling to provide credit to <span class="caps">SME</span>s and start-ups, which are struggling to recover from the current crisis. </p> <p>These companies that could become a real lever for economic development, have suffered to the detriment of an oil-rich economy and privatization, experts say.</p> <h2 style="font-size:16px;">Kenya, US launch trade talks</h2> <p>With nearly $1.17 billion worth of trade in 2018 according to statistics, the United States and Kenya want to further strengthen their cooperation. </p> <p>The two countries are currently pursuing talks for a comprehensive free trade agreement, scheduled to start at the same time as the Continental African Free Trade Area (AfCFTA) comes into force. </p> <p>Kenya, which already exports many duty-free products to the U.S. market, will become Washington’s 11th African trading partner and sixth in sub-Saharan Africa.</p>
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