AIRLINK 73.18 Increased By ▲ 0.38 (0.52%)
BOP 5.00 Decreased By ▼ -0.06 (-1.19%)
CNERGY 4.37 Increased By ▲ 0.04 (0.92%)
DFML 29.95 Decreased By ▼ -0.57 (-1.87%)
DGKC 91.39 Increased By ▲ 5.44 (6.33%)
FCCL 23.15 Increased By ▲ 0.80 (3.58%)
FFBL 33.50 Increased By ▲ 0.28 (0.84%)
FFL 9.92 Increased By ▲ 0.14 (1.43%)
GGL 10.35 Decreased By ▼ -0.05 (-0.48%)
HBL 113.01 Decreased By ▼ -0.61 (-0.54%)
HUBC 136.28 Increased By ▲ 0.08 (0.06%)
HUMNL 9.60 Decreased By ▼ -0.43 (-4.29%)
KEL 4.78 Increased By ▲ 0.12 (2.58%)
KOSM 4.72 Increased By ▲ 0.32 (7.27%)
MLCF 39.89 Increased By ▲ 1.54 (4.02%)
OGDC 133.90 Increased By ▲ 0.50 (0.37%)
PAEL 28.85 Increased By ▲ 1.45 (5.29%)
PIAA 25.00 Increased By ▲ 0.24 (0.97%)
PIBTL 6.94 Increased By ▲ 0.39 (5.95%)
PPL 122.40 Increased By ▲ 1.19 (0.98%)
PRL 27.40 Increased By ▲ 0.25 (0.92%)
PTC 14.80 Increased By ▲ 0.91 (6.55%)
SEARL 60.40 No Change ▼ 0.00 (0%)
SNGP 70.29 Increased By ▲ 1.76 (2.57%)
SSGC 10.42 Increased By ▲ 0.09 (0.87%)
TELE 8.85 Decreased By ▼ -0.20 (-2.21%)
TPLP 11.32 Increased By ▲ 0.06 (0.53%)
TRG 66.57 Increased By ▲ 0.87 (1.32%)
UNITY 25.20 Decreased By ▼ -0.05 (-0.2%)
WTL 1.55 Increased By ▲ 0.05 (3.33%)
BR100 7,676 Increased By 42.9 (0.56%)
BR30 25,471 Increased By 298.6 (1.19%)
KSE100 73,086 Increased By 427.5 (0.59%)
KSE30 23,427 Increased By 44.5 (0.19%)

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.