Ruto's US trip bears one more deal as Atlanta firm signs MoU in Nairobi
•The partnership between Finsco and Go Greenwood is expected to set a precedent for future investments and collaborations, contributing to development in Africa.
•Kenya National Chamber of Commerce and Industry hosted the MoU signing in Nairobi.
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New faces of protest - Kenya's Gen Z anti-tax revolutionaries
The hashtags used to pressure MPs and rally protesters were "#OccupyParliament" and "#RejectFinanceBill2024".
“This is my first demonstration. I hope it will be the last. I hope things change after this," said Naserian Kasura, who opposed the proposal to tax sanitary pads.
The protesters' efforts to march to parliament were thwarted as police used water cannon to block them.
"We have been arrested but don’t let them get to you please proceed to parliament," Hanifa Farsafi, reportedly one of the organisers, posted on X, formerly Twitter.
More than 200 young protesters were arrested but some of them were later released after lawyers went to the police stations where they had been detained.
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Ruto: Korea-Africa forum timely and commendable
Ruto at the same time used the opportunity to highlight the significance of the Korea-Africa Forum and the Korea-Africa Economic Cooperation.
He pointed out that it has facilitated progressive diplomatic and economic engagements while accelerating the growth of trade and investment.
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Ruto & Biden Unveil Major Investment Agenda
On May 23, 2024, Kenyan President William Ruto and U.S. President Joe Biden announced a series of new investment deals aimed at deepening the economic ties between the two nations. This announcement came during President Ruto's state visit to the United States, marking a significant milestone in U.S.-Kenya relations.
The agreements, worth approximately $250 billion, are part of a broader effort to boost trade and investment between Kenya and the United States. These deals cover various sectors, including infrastructure, textiles, technology, clean energy, and healthcare. One notable aspect of the visit was the promotion of over 30 bankable projects aligned with Kenya's Bottom-Up Economic Transformation Agenda (BETA), highlighting opportunities for U.S. investors (Capital News) (Nation).
The state visit, which coincides with the 60th anniversary of U.S.-Kenya diplomatic relations, also emphasized shared commitments to advancing peace, security, and democratic values. Both presidents expressed their support for the bottom-up economic model, which focuses on building the economy from the grassroots level up, as a sustainable approach to economic development (The Standard) (Pulselive Kenya).
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