a new business attitude towards Morocco – mafrique

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 meal and fertilizers, noting that his “realpolitics” implies a rapprochement with Morocco in the decisive field of fertilizers, analyzes the author of the article, recalling that an agreement in the same field between Morocco and Nigeria, signed in 2017, would have made it possible to reduce the price of a bag of manure from 5,000 Ksh to 1,700 Ksh.

In return, the paper notes that Morocco is the world’s eighth tea importer with $200 million, while Kenya is the third exporter with $1.2 billion, meaning one sixth of Kenya’s tea could go to Morocco alone. .

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”says the author, recalling that in 2016 the IFC (International Finance Corporation) and 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 start the steps for the closure of its representation in Nairobi , we remember.

A joint communiqué, passages of which have been 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, indicated Which “Out of respect for the principle of territorial integrity and non-interference, Kenya fully supports the serious and credible autonomy plan proposed by the Kingdom of Morocco, as a unique solution based on Morocco’s territorial integrity”to resolve this dispute.

“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 said.

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).

(with CARD)

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