Biden to announce new investments during Ruto’s state visit
23 May 2024 - 19:15
byAndrea Shalal and Jarrett Renshaw
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
US President Joe Biden and Kenyan President William Ruto in the Oval Office at the White House in Washington, the US, May 23 2024. Picture: REUTERS/LEAH MILLIS
Washington — US President Joe Biden welcomed Kenyan President William Ruto to the White House on Thursday for a state visit aimed at deepening relations with African nations, which have been sidelined by wars in Ukraine and Gaza, with a flurry of deal announcements.
“We may be divided by distance, but we are united by the same democratic values,” Biden said, noting that the two countries are celebrating a 60-year partnership this year.
“Today, as we begin the next decade of our partnership, we’ve launched a new initiative to bring our country’s companies and communities closer together,” he said.
Ruto responded: “Today, as we celebrate our past, we are optimistic about our future. By undertaking this state visit, we will have the opportunity to discuss and to have a conversation about building global partnership and leadership.”
The Kenyan president, who arrived in the US on Monday and visited Atlanta, Georgia, spoke with CEOs in the White House on Wednesday. Later on Thursday, he will meet Biden in the Oval Office and hold a joint press conference before attending a lavish state dinner in the evening.
US President Joe Biden and Kenya’s President William Ruto on their way to the Oval Office for a meeting in Washington, the US, May 23 2024. Picture: EVAN VUCCI/REUTERS
Ruto’s trip is the first state visit for an African president to the White House since 2008. Successive US governments have said they wanted to offer a more sustainable and democratic alternative to relations with US rivals China and Russia, but have failed to establish real ties.
Africa’s political landscape has been upended in the past year by a spate of military coups, wars and shaky elections that have given China and Russia greater influence. Biden hopes strengthening ties with Kenya, seen as a democratic stronghold, can help stabilise the continent and advance US interests.
The White House said Biden also would designate Kenya as a major so-called non-Nato ally, the first Sub-Saharan African country to receive the designation. Currently, 18 countries are designated as non-Nato allies, including Qatar, Israel, Brazil and the Philippines.
Green energy and health deals
The leaders will announce new US-backed investments in green energy and health manufacturing, along with a detailed plan to cut Kenya’s high debt load, most of which is owed to China, the White House said.
The US will announce $250m in new investments in Kenya through the US International Development Finance Corporation, including $180m for a major affordable housing project, a US government official said. That will bring the US financing institution’s portfolio in Kenya to nearly $1.1bn. The corporation will also open an office in Kenya.
The humanitarian crisis in Haiti will be on the agenda. Kenya’s plan to deploy 1,000 paramilitary officers to the Caribbean country as part of a UN-backed effort to curb gang violence and hunger has been delayed.
Biden told reporters on Wednesday that he plans an official visit to Africa in February after the US presidential election, an announcement that presumes he will defeat Donald Trump. Biden had earlier pledged to make a trip to Africa sometime in 2023.
Ruto will be celebrated at a dinner lit by 1,000 candles and a menu of heirloom tomato soup, butter-poached lobster, smoked beef short ribs and a white chocolate dessert.
Country singer Brad Paisley will headline the dinner along with Howard University’s Gospel Choir.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Biden to announce new investments during Ruto’s state visit
Washington — US President Joe Biden welcomed Kenyan President William Ruto to the White House on Thursday for a state visit aimed at deepening relations with African nations, which have been sidelined by wars in Ukraine and Gaza, with a flurry of deal announcements.
“We may be divided by distance, but we are united by the same democratic values,” Biden said, noting that the two countries are celebrating a 60-year partnership this year.
“Today, as we begin the next decade of our partnership, we’ve launched a new initiative to bring our country’s companies and communities closer together,” he said.
Ruto responded: “Today, as we celebrate our past, we are optimistic about our future. By undertaking this state visit, we will have the opportunity to discuss and to have a conversation about building global partnership and leadership.”
The Kenyan president, who arrived in the US on Monday and visited Atlanta, Georgia, spoke with CEOs in the White House on Wednesday. Later on Thursday, he will meet Biden in the Oval Office and hold a joint press conference before attending a lavish state dinner in the evening.
Ruto’s trip is the first state visit for an African president to the White House since 2008. Successive US governments have said they wanted to offer a more sustainable and democratic alternative to relations with US rivals China and Russia, but have failed to establish real ties.
Africa’s political landscape has been upended in the past year by a spate of military coups, wars and shaky elections that have given China and Russia greater influence. Biden hopes strengthening ties with Kenya, seen as a democratic stronghold, can help stabilise the continent and advance US interests.
The White House said Biden also would designate Kenya as a major so-called non-Nato ally, the first Sub-Saharan African country to receive the designation. Currently, 18 countries are designated as non-Nato allies, including Qatar, Israel, Brazil and the Philippines.
Green energy and health deals
The leaders will announce new US-backed investments in green energy and health manufacturing, along with a detailed plan to cut Kenya’s high debt load, most of which is owed to China, the White House said.
The US will announce $250m in new investments in Kenya through the US International Development Finance Corporation, including $180m for a major affordable housing project, a US government official said. That will bring the US financing institution’s portfolio in Kenya to nearly $1.1bn. The corporation will also open an office in Kenya.
The humanitarian crisis in Haiti will be on the agenda. Kenya’s plan to deploy 1,000 paramilitary officers to the Caribbean country as part of a UN-backed effort to curb gang violence and hunger has been delayed.
Biden told reporters on Wednesday that he plans an official visit to Africa in February after the US presidential election, an announcement that presumes he will defeat Donald Trump. Biden had earlier pledged to make a trip to Africa sometime in 2023.
Ruto will be celebrated at a dinner lit by 1,000 candles and a menu of heirloom tomato soup, butter-poached lobster, smoked beef short ribs and a white chocolate dessert.
Country singer Brad Paisley will headline the dinner along with Howard University’s Gospel Choir.
Reuters
Bipartisan US senators introduce Agoa bill to renew trade pact to 2041
US deepens ties with Africa in new trade platform
US treasury number two calls for SA to make quicker decisions to attract investment
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Most Read
Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.