Kenya: a new pro-business position vis-à-vis Morocco (Business Today)

Saturday, September 17, 2022 at 4:45 PM

Nairobi – The Republic of Kenya has adopted a new business stance towards Morocco, according to the Kenyan economic newspaper “Business Today”.

In an analysis published on Saturday following Kenyan President William Ruto’s decision to withdraw recognition of the pseudo “SADR” and accelerate economic relations with Morocco, Kenyan media recalled that President Ruto promised that a week is to increase the price of fertilizers from 6,100 Ksh (100 Ksh = 1 USD) to 3,600 Ksh.

To that end, the newspaper, which reports that 1.4 million bags of manure will be imported mainly from Morocco, recalls that the OCP Group is the world’s largest manufacturer of phosphate fertilizers, with a third of the global market.

Last Monday, William Ruto promised to announce new prices for maize flour and fertilizers, noting that his “realistic policy” implies a rapprochement with Morocco in the decisive field of fertilizers, the author of the article analyzes , recalling that an agreement in the Same field between Morocco and Nigeria, signed in 2017, had made it possible to reduce the price of a bag of manure from 5,000 Ksh to 1,700 Ksh.

On the other hand, the paper notes that Morocco is the world’s eighth tea importer with $200 million, while Kenya is the third largest exporter with $1.2 billion, meaning that one sixth of Kenya’s tea would go to Morocco alone. can go.

Thanks to its South-South policy, the Kingdom of Morocco considers Kenya an excellent nation with which it can establish mutual trade cooperation, especially in the fields of agriculture, health and tourism, the media points out that, according to experts, Kenyan tea will will be fully present in Morocco in the coming years.

“Over the past twenty years, Morocco has become the largest African direct investor in West Africa, contributing 4% to Cameroon’s GDP and 9% to neighboring Senegal’s GDP,” says the author. , recalling that in 2016 the IFC (International Finance Corporation) and the Moroccan banking group Attijariwafa Bank signed an agreement to support businesses and boost investment and cross-border trade in Africa.

Following the message of His Majesty King Mohammed VI to the new President of the Republic of Kenya, William Ruto, the Republic of Kenya has decided to revoke the recognition of the pseudo “SADR” and to begin steps for the closure of its representation in Nairobi , we remember.

A joint communiqué, passages of which were made public on the website of the State House of the Republic of Kenya (State House), following the delivery on Wednesday of a message from HM the King to the head of the Kenyan state, stated “from respecting the principle of territorial integrity and non-interference, Kenya gives its full support to the serious and credible plan of autonomy proposed by the Kingdom of Morocco, as a unique solution based on the territorial integrity of Morocco”, to resolve this dispute to solve.

“Kenya supports the United Nations framework as the exclusive mechanism for reaching a lasting and permanent political solution to the dispute over the Sahara issue,” the joint statement stressed.

William Ruto expressed his willingness and commitment to work with the Sovereign to strengthen relations between the two countries, and praised His Majesty King Mohammed VI’s leadership in promoting policies of tolerance and accommodation in the Maghreb region , as well as His contribution to world peace and security.

The two countries are committed to elevating their bilateral diplomatic relations to the level of strategic partnership over the next six months, the statement said, adding that the Republic of Kenya is committed to opening its embassy in Rabat.

Likewise, it was agreed to immediately accelerate economic, trade and social relations between the two countries, especially in the areas of fisheries and agriculture and food security (import of fertilizers).

Leave a Comment