Kenyatta Invites US firms to Kenya’s Special Economic Zones

Bul football club has seized their first away win of the season with a magnificent 4-1 drubbing of Uganda Prison side Maroons FC in an entertaining match played at Maroons stadium in Luzira.

The hosts held on, help exhibiting their trademark passes for the first 25 minutes but began to wear out in the left wing with Godfrey Kayemba and Godwin Kitagenda easily giving away possession.

Former SC Villa defender Derrick Walulya successfully tackled Ronald Orombi in the upper right wing constructing a good run from the remains then released Mike Ndera who cut in for Nsumba to set him up on Tuesday evening.

Ndera then slotted past an advancing Babu Umar to the bottom left corner for the opener just two minutes to the break.

Coach Asaph then withdrew Kitagenda for Sunday Stephens.

The change partly worked, viagra Patrick Kaddu firing from short range after beating a tricky offside trap.

The Eastern giants responded with just a minute of player Walulya, replicating his earlier run drifting a short sleek pass for Mike Ndera who stunned the whole defence from over 30 yards.

Walulya brought in a cross a minute later, finding Philip Ssempira who headed finding Kayemba in the goal line to pass it slightly to the side net.


The encounter confused the referee, with his call for a foul over ruled by the second assistant who had seen the earlier goal.

Paul Kibande completed the massacre, a minute after the hour mark with a strong finish from Nsumba’s splitting pass.
Rwanda President Paul Kagame is expected to grace the official opening of the 6th African Grain Trade Summit (AGTS) on October 3 in the country’s capital, generic Kigali, Chimp Corps report.

The biennial high level multi-stakeholder event is organized by the Eastern African Grain Council (EAGC) and hosted by the 10 EAGC-mandate countries, including all EAC Partner States on a rotational basis.

President Kagame, EAC Secretary General Amb. Dr. Richard Sezibera, Kenya’s Cabinet Secretary for East African Affairs, Commerce and Tourism Hon. Phyllis Kandie and Ms Joyce Mapunjo, the Permanent Secretary in Tanzania’s Ministry of East African Cooperation, will also constitute the panel for the Regional Media Dialogue, on the first day of the event.

Although the EAC has made significant progress in implementing the Customs Union, there remains critical policy, regulatory and procedural barriers to the enabling environment for trade in staple foods.

Because of this, many East Africans face food deficits as grain traders find it difficult to trade across the region.

Officials said this Regional Media dialogue among others dialogues will pick up from the East Africa Trade and Investment Hub’s recent analysis of barriers affecting staple food trade.

It will also delve into the key issues that have constrained trade in staple foods in EAC and propose solutions for their removal, including identifying priorities and quick wins, and identifying key champions to engage in their removal.

The 6th Grain summit themed “Towards Creating an Enabling Environment for Grain Trade in Africa: Technology, Investment, Information, Policy and Services (T.I.I.P.S),” will bring together high-level stakeholders in the regional grain sector to discuss and agree on mechanisms that will bring about the prevalence of a business environment that enables effective and efficient public sector participation in regional grain trade, with the ultimate goal of improved livelihoods, more inclusive economic growth and socio-economic development.

EAC said the Summit is a “continentally-recognized grain industry conference that attracts stakeholders along the grain value chain from around the African continent and beyond which arouses discussions about key grain industry issues and developing trends in grain trade within the continent.”

In addition to the opportunity to listen to and interact with grain industry experts addressing a wide range of issues and trends affecting grain trade, delegates will also benefit from enhanced networking opportunities for concluding concrete business with a vast array of influential players in the industry, at the event.

President Uhuru Kenyatta has invited US companies to take advantage of Kenya’s new policy on special economic zones.

The President said the Special Economic Zones Act he enacted recently revolutionises the business environment for industries operating in Kenya as it has removed restrictions previously affecting companies based in export processing zones.

“Our new special economic zones law allows you to manufacture goods that you can sell to Kenya and export to the region as well as the rest of the world, look ” the President said when he addressed   a meeting hosted by a consortium of US companies and the Corporate Council on Africa on Tuesday.

The special economic zones law provides incentives for industries to operate in designated zones including Naivasha, near the Ol Karia geothermal power plants.

Companies that set up bases in the designated economic zones will be given special power tariffs that will enable them to reduce their cost of operations, said the President.

President Kenyatta said the Standard Gauge Railway, whose construction is underway between Mombasa and Nairobi, will soon be extended to Naivasha before it is finally stretched further to the western borders of the country.

The SGR will enable the swift transit of goods between the port of Mombasa and the wider Eastern Africa region.

President Kenyatta said the integration process going on in the East African Community will enable companies operating in Kenya to benefit from a larger market.

He said opportunities for US firms in Kenya are immense and in diverse sectors, including the generation of power where the Government has started changing its policies of investment.

“We have set the base as Government and we no longer want to continue being the biggest investor in power generation. We want to leave that role to private investors and we invite you to our market,” said the President.

The US Assistant Secretary of Commerce for Global Markets, Mr Arun Kumar, said the US government understands that bilateral commercial opportunities abound in Kenya.

He said there has been an upsurge in US investments in Kenya after President Kenyatta’s visit to the US in 2014 when he held high-level meetings with American corporations.

The subsequent visit by President Obama to Kenya recently has further increased the involvement of US companies in foreign direct investments flowing into Kenya, said Mr Kumar.

“The US government is now in a position to support you to achieve your vision 2030 and we are glad to have you as our partner,” said Mr Kumar.

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