The United States is keen on boosting trade ties with East Africa and has launched a $65 million trade hub in Kenya to further such relations. Robert Godec, US Ambassador to Kenya, announced this on Monday at the opening of Origin Africa, a two-day textile industry trade fair in Nairobi.
The trade hub will run under President Obama’s “Trade Africa” initiative, which was launched in July last year. It serves as a partnership between the United States and sub Saharan Africa aimed at growing regional and international trade between both regions.
Godec said Kenya was selected because of its position as the region’s leading economy and its speedy implementation of productive trade policies. It is also home to promising local enterprises that are forming creative partnerships with multinational companies, a lot of which are US companies.
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