AVN 65.20 Increased By ▲ 0.25 (0.38%)
BAFL 30.74 Decreased By ▼ -0.77 (-2.44%)
BOP 4.80 Increased By ▲ 0.01 (0.21%)
CNERGY 3.71 Decreased By ▼ -0.13 (-3.39%)
DFML 14.21 Decreased By ▼ -0.20 (-1.39%)
DGKC 41.05 Decreased By ▼ -0.55 (-1.32%)
EPCL 46.45 Decreased By ▼ -0.25 (-0.54%)
FCCL 11.40 Increased By ▲ 0.11 (0.97%)
FFL 5.05 No Change ▼ 0.00 (0%)
FLYNG 5.80 Decreased By ▼ -0.02 (-0.34%)
GGL 10.33 Decreased By ▼ -0.12 (-1.15%)
HUBC 66.87 Increased By ▲ 1.23 (1.87%)
HUMNL 5.71 Increased By ▲ 0.05 (0.88%)
KAPCO 27.76 Increased By ▲ 0.01 (0.04%)
KEL 2.20 Increased By ▲ 0.05 (2.33%)
LOTCHEM 24.90 Increased By ▲ 0.55 (2.26%)
MLCF 21.44 Decreased By ▼ -0.04 (-0.19%)
NETSOL 83.60 Decreased By ▼ -1.19 (-1.4%)
OGDC 85.90 Decreased By ▼ -1.35 (-1.55%)
PAEL 11.01 Increased By ▲ 0.03 (0.27%)
PIBTL 4.22 No Change ▼ 0.00 (0%)
PPL 74.48 Decreased By ▼ -1.22 (-1.61%)
PRL 13.43 Decreased By ▼ -0.22 (-1.61%)
SILK 0.92 Increased By ▲ 0.03 (3.37%)
SNGP 40.40 Decreased By ▼ -0.93 (-2.25%)
TELE 5.86 Increased By ▲ 0.01 (0.17%)
TPLP 15.40 Decreased By ▼ -0.24 (-1.53%)
TRG 111.41 Decreased By ▼ -0.29 (-0.26%)
UNITY 13.75 Decreased By ▼ -0.23 (-1.65%)
WTL 1.14 Decreased By ▼ -0.02 (-1.72%)
BR100 4,037 Decreased By -26.9 (-0.66%)
BR30 14,412 Decreased By -56.6 (-0.39%)
KSE100 40,471 Decreased By -262.4 (-0.64%)
KSE30 15,163 Decreased By -67.2 (-0.44%)
Follow us

WASHINGTON: US President Joe Biden is slated to meet Thursday with his Kenyan counterpart Uhuru Kenyatta, the first African leader invited to the White House under the current administration.

The two leaders will discuss "the strong US-Kenyan bilateral relationship and the need to bring transparency and accountability to domestic and international financial systems," the White House said ahead of the meeting.

The agenda was published shortly after the release of the Pandora Papers, a journalistic investigation that exposed secret offshore accounts linked to politicians and businesspeople all over the world.

In the investigation, Kenyatta -- who has stated his intent to fight corruption -- is said to own, together with six family members, a network of eleven offshore companies, one of which is valued at $30 million.

Asked about the revelations and how they might affect Biden's meeting with Kenyatta, White House spokeswoman Jen Psaki said: "The president has been quite vocal as you all know about the inequalities in the international financial system."

"That doesn't mean we don't meet with people you have disagreements on," she said. "We have a range of interests in working with Kenya and working with them on issues in Africa, in the region, and that will be the primary focus."

The two leaders will also talk about "efforts to defend democracy and human rights, advance peace and security, accelerate economic growth, and tackle climate change," according to the White House Statement. Another issue on the agenda is trade.

Former president Donald Trump's administration had started discussions with Kenya on a free trade agreement but, according to Nairobi, Biden's team so far hasn't resumed the negotiations, causing much frustration.

"To our American friends, I would like to say that you know you cannot start and stop a discussion with partners on the basis of one administration after another," Kenyatta said earlier this week in New York. "Relationships are between countries and people, not between administrations."

Kenya is worried that a trade agreement that largely exempts its exports to the United States from customs duties will expire in 2025.

Washington, for its part, is concerned by the growing economic influence of major rival China in Africa.

But unlike Trump, who eagerly engaged in trade negotiations, Biden has so far shown restraint on that front.

For example, he gave no promises to Britain, which is also eager to sign a free trade agreement with the United States.

Comments

Comments are closed.

Biden to meet with Kenyatta, first African leader to visit

PM Shehbaz says IMF giving Pakistan tough time over unlocking loan

Roshan Digital Accounts: inflow clocks in at meagre $110mn in January

Apex committee decides to engage Afghan govt for final action against TTP

Imran Khan decides against contesting by-elections on 33 NA seats

Cotton arrival plunges 36% year-on-year

2 terrorists killed in North Waziristan: ISPR

KSE-100 retreats 0.64% as rupee falls further

China expected to boost global growth but uncertainties remain: IMF

Sindh Police registers FIR against Sheikh Rashid over ‘foul language against FM Bilawal’

India’s Adani denies rise due to Modi as shares slump again