Why Kenya Must Chose Between China and America On Growing Debts and Trade Deficit New York Beijing

Kenya's trade and investments with China has reach highest levels with deb ceiling going beyond normal rates. China investments in Kenya and Chinese businesses are all over Africa countries with its road and build economic revolution. Kenya is one of China's loan recipients in Africa. The united states on the other hand has invested Africa leaders to Washington for a summit on trade and investments. America companies have not invested in Kenya like Chinese. Kenya has signed several trade deals with China which has increased the debts of Kenya to China. Kenya Wants China to Extend $5 Billion Debt Repayment Transport Secretary-designate says loan is choking the economy Kenyan government is seeking to reduce debt vulnerabilities.
The United states of America and China have invested millions of dollars in Kenya economy through trade deals and bilateral economic corporation. Kenya and its capital city of Nairobi is a big investment and international hub for the airline call Kenya airways. China and united states all trade with Kenya by exporting different types of products to Kenya while Kenya also imports several products from China and United states of America. The African growth and opportunity act AGOA, Kenya has the largest economy in East Africa and is a member of the SADC Southern Africa development community. Kenya also trade with the United kingdom, Japan, United Arab Emirates, Tanzania, Uganda, Canada, Germany, Netherlands, India, Indonesia, Malaysia, Ghana, Nigeria and many countries including Brazil and all G7 and G20 countries and South Africa. Kenyan economy has struggle recently with the Russia Ukraine war affecting the economy of most countries in sub Saharan Africa because of lack of grain imports. Kenya has signed a number of bilateral trades deals wit U.S., Kenya launch non-tariff trade and investment partnership talks. The United States and Kenya on Thursday launched a strategic trade and investment partnership to pursue commitments to boost economic growth, support African regional economic integration and deepen trade cooperation. Kenya frets about future trade with U.S. Kenya, the only African country engaged in bilateral trade talks with the United States, is worried about losing U.S. duty-free access for its apparel and other goods because the negotiations do not cover tariffs. Will U.S.-China Competition Shape Kenya’s Trade Trajectory?

The U.S. and Kenyan governments will start work within three months to develop a road map for engagement in areas including agriculture safety and digital trade standards, climate change, regulatory practices, and customs procedures the U.S. Trade Representative's office said in a statement. 15 Top-Rated Tourist Attractions in Kenya, Maasai Mara National Reserve, Amboseli National Reserve, Tsavo National Park, Samburu, Buffalo Springs, and Shaba National Reserves, Lake Nakuru National Park, Lake Nakuru National Park, Lake Naivasha, Nairobi, Nairobi National Park, David Sheldrick Wildlife Trust Elephant Nursery, Malindi, Mombasa, Mount Kenya National Park, Hell's Gate National Park. Top-Rated Tourist Attractions in New York City
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#China #unitedstates #kenya #nairobi
Kenya’s much anticipated presidential election recently concluded with the Supreme Court confirming President William Ruto’s victory. In the runup to this close contest, Kenya’s political discourse was for once focused on economic and policy concerns. As the new government takes up the reins of administration, trade will feature in the policy solutions to ongoing challenges like rising unemployment rates, Kenya’s large public sector debt, concerns around equitable taxation, and the residual effects of global shocks such as the coronavirus pandemic and the Russia-Ukraine war. In charting the direction of the country’s post-election economic policy, trade will be important in various ways: its volume, bridging Kenya’s trade deficit, and the country’s external relations.

[EDUSPLORER]

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[bernkoh]

If you want conflict choose US, If you want trade ..choose China.

[Lodungu]

Kenya should just persue a foreign policy of non alignment.

[tnk]

This amazes 🤣🤣🤣🤣, no one is forced to choose. They come as they come if you have something to offer. Funny thing each country has something to offer if they leverage it, we have learned that in 🇰🇪. Don't be intimidated buy others big brothers. But make sense and follow through for you people.

Every country is looking out for its employer, the voter. Well those that actually function as republics. Financial partners aren't setting Kenyan foreign policy. We know who we are and want.
Edit: it's a struggle, but that's why you vote. But you keep working on yourself. Slava Ukraini 🇺🇦 that won't change in this conflict 🇺🇦

[fanfullenambani]

Get will align with it's priorities.

[louistan]

The choice has been made. It is neither the US nor Europe.

[neolan]

Kenya doesn't have to choose between China and the united snakes. It only has to choose between growth or stagnation.
Kenya's debt to GDP ratio is about 70%, still manageable. All it needs to do is to enlarge its GDP. Without infrastructure, how do you grow your GDP?
China's portion of Kenya's total debt is approximately 20%. The rest are mainly from international organisations like the IMF and the World Bank. Kenya simply has to manage its debts and economy properly. Doesn't have to choose between China and the united snakes.
With economic growth, the Kenyan government will be able to repay its debts and improve its debt to GDP ratio. This requires planning and hardwork from the Kenyans. You can't have your cake and eat it.
You borrow money, you simply pay it back. Don't expect handouts. Don't give excuses.

[LarryNgetich]

As a Kenyan, I think the best choice is China. We experienced the most growth as a country after aligning with them, and on the ground, we've seen the highest quality of life leap with the Chinese as partners. America has been very extractive and they bring all this eljibitikiu stuff or the stick, which we don't need right now.

[nganyaikono]

So detailed for a 10min video. Kenya 🇰🇪 should watch its debts situation.

[lonelion]

we need to look for money to pay Chinese debt we owe

[beeisaac]

Big choice, As kenya have already experience the united states and the European nations i would lean toward china