Kenya-UK sign deal to repatriate assets, proceeds of crime
SEE ALSO :Uhuru's tax gamble that enraged Kenyans“We have agreed with Prime Minister Theresa May on modalities of bringing back to the country proceeds of crime and stolen assets. This will boost the war on corruption that has denied Kenyans important services that they deserve,” he said. Prime Minister May also confirmed the agreement during the afternoon press briefing. Early July, President Uhuru signed a similar deal with Switzerland to facilitate the return of stolen cash in a development targeting an estimated Sh72 billion stashed in Swiss accounts. Although the communique by the two leaders did not mention a specific figure, past reports have placed the amounts stashed by Kenyans in Swiss accounts at between Sh51 billion and Sh72 billion. Theresa May is on her first visit to Africa as a Prime Minister. Her tour included South Africa and Nigeria.
SEE ALSO :EACC arrests Five Nyeri County officersA British government website says May's visit is aimed at bringing the transformative power of private sector trade and investment from the UK to a continent that is home to 16 percent of the world’s people but just 3 percent of Foreign Direct Investment and 3 percent of global goods trade. Kenya mainly exports coffee, tea and other agricultural products. An impressive 27 percent of the fresh produce consumed in the UK comes from Kenya which also commands 56 percent of the black tea market there. On the other hand, UK exports to Kenya are mainly printed material, machinery and chemicals.