Why Kenya is now an important trade partner of the United Kingdom
By Obar Mark
There is a broad consensus among experts in the economic literature that Brexit will most likely reduce the United Kingdom’s real per-capita income levels. In the wake of new sweeping changes in Europe’s economy, Brexit critics fear invocation of new tariffs, essentially, those that are effectively implementable on imported items from Britain.
It therefore means that Britain is staring at a stiff competition coupled with a liberal dose of new economic hurdles as a result of a divorce that is promising to be noisy, messy and full of economic casualties.
Conversely, Britain, as well as other free market nations, are jostling for a string of relations that will define new world economic order. While Britain remains as one of Africa’s major trade partners, the USD 3 trillion Gross Domestic Product-nation has also been accused of being a member of world’s protectionist club or racket, and Prime Minister Theresa May is working hard to change that very notion.
Over 30 years after her predecessor Margaret Thatcher toured Kenya, British Prime Minister Theresa May arrived in Nairobi for a state visit. Mrs. May on Thursday landed at Jomo Kenyatta International Airport aboard a chartered Royal Air Force Voyager after conducting similar tours in South Africa and Nigeria.
Around her were UK’s top business moguls who were ready to strike new deals with Kenyan government as well as business community. On arrival, Mrs. May said that “I am proud to be leading this ambitious trip to Africa and to become the first UK Prime Minister in over 30 years to visit Kenya.”
May who inspected a guard of honour before proceeding for a meeting with President Uhuru Kenyatta at State House, was also received with a 19-gun-salute as she is head of government. Normally, 21-gun-salute is a preserve for a head of a state.
SUBSCRIBE to our YouTube channel for more great videos: https://www.youtube.com/
Follow us on Twitter: https://twitter.com/KTNNews
Like us on Facebook: https://www.facebook.com/KTNNewsKenya
For more great content go to http://www.standardmedia.co.ke/ktnnews and download our apps:
http://std.co.ke/apps/#android
KTN News is a leading 24-hour TV channel in Eastern Africa with its headquarters located along Mombasa Road, at Standard Group Centre. This is the most authoritative news channel in Kenya and beyond.
source