KENYA AND UK RATIFY A MULTI-BILLION TRADE DEAL AIMED AT BOOSTING THEIR ECONOMIES

Kenya and the UK have ratified a multi-billion trade deal. On Tuesday, Kenyan MPs signed the trade agreement, which is estimated at Shs200 billion. This came a few days later after the UK parliament had done the same.

On Wednesday, Jane Mariott, the British High Commissioner to Kenya, said via a tweet that the deal will be of great benefit to both nations as it will help boost their economies, “Pleased our Economic Partnership Agreement has passed through the UK and Kenyan Parliament. We look forward to the exchange of ratification instruments soon. This is a deal which brings significant benefits for Kenyan and British businesses, workers and our economies.”

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The deal, which was signed between Trade Cabinet Secretary Betty Maina and her British counterpart Ranil Jayawardena on 8^th December 2020, was welcomed with optimism from business communities from both Kenya and the UK.