US hails Ruto’s investment strategy as bold, progressive

Jukwaa

📻 Breaking It Down

Speaking at the American Chamber of Commerce (AmCham) Kenya Business Summit in Nairobi, Garcia said Washington was shifting its engagement with Africa from traditional aid-based relations towards trade, investment and mutually beneficial commercial partnerships.

“Let me be direct: this is not a room for talk. This is a room built on deals,” Garcia told business and government leaders, praising President Ruto’s administration for implementing reforms aimed at improving Kenya’s investment climate.

He singled out changes to transfer pricing regulations, Kenya’s move towards accession to the Budapest Convention on Cybercrime and the Strategic Goods Control Bill before Parliament as evidence of progress in creating a more predictable environment for investors.

📌 What You Need to Know

Garcia said Africa was at a “strategic inflection point” and could become a global economic powerhouse if governments embraced open and collaborative approaches to investment.

“The continent has it all: human talent, natural resources, and entrepreneurial drive. When African nations and the United States choose to work together, we unlock prosperity, safeguard freedoms, and win together,” he said.

The senior US official said the Trump administration was seeking to redefine America’s relationship with Africa, with commercial partnerships taking precedence over open-ended assistance.

“For too long, US policy toward Africa meant aid and dependency open-ended commitments that asked nothing of anyone. Not anymore,” Garcia said.

He said the US State Department had, since the beginning of the Trump administration, closed 50 transactions worth $28.2 billion across sub-Saharan Africa.

“Our partners want deals; they are tired of lectures and want opportunity, innovation, and cooperation,” he said.

📰 Source: Capital FM Kenya

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