Kenya and US are poised to sign two major trade and investment partnership agreements this year, focusing on infrastructure, agriculture, and the digital economy.
These partnerships aim to drive shared prosperity between the two nations, generate well-paying jobs, and expand economic growth.
Additionally, they will protect workers' rights and spur innovations with global benefits.
"This partnership spans the full spectrum of large to small businesses," a statement from the White House reads.
This was reached during President William Ruto's State visit to the US.
Both countries, it said, will partner with the private sector to further strengthen these economic ties, including in the critical areas of clean energy technology, agriculture, and affordable housing.
The US-Kenya Strategic Trade and Investment Partnership (STIP), is expected to be concluded by the end of the year.
Trade Cabinet Secretary Rebecca Miano and her US counterpart recently wrapped up the fifth round of negotiations.
This marked significant progress in areas such as anti-corruption, MSMEs, services domestic regulation, and the first tranche of agricultural text.
These provisions are designed to facilitate agricultural trade and advance food security.
The deal prevents and combats bribery and other forms of corruption as well as empowers MSMEs in both economies while ensuring that service suppliers are treated fairly and in a transparent manner.
Negotiations for the STIP began in 2022.
In addition to the STIP, the two countries are set to sign a Commercial and Investment Partnership (CIP).
This partnership, with robust participation from the private sector, aims to promote a strong business-enabling environment.
It also aims to facilitate trade and investment opportunities in Kenya focused on key priority sectors including infrastructure, agriculture, and the digital economy.
These agreements are set underscore their mutual commitment to deepening commercial and investment ties.