Weekly Current Affairs

Notice

India sanctions $100 million for Kenya

  • India announced $ 100 million Line of Credit for Kenya’s agricultural mechanisation.
  • The announcement followed talks between Prime Minister Narendra Modi and Kenyan President Uhuru Kenyatta during which they agreed to deepen economic cooperation and expand trade.
  • Long-term arrangement with Kenya for production and import of pulses is being explored and discussed.
  • Modi identified challenges in the maritime domain as a shared concern and added that the two sides will explore opportunities in blue economy.
  • Some areas of priority would be hydrography, communication networks, antipiracy, capacity building, exchanges & defence medical cooperation.
  • The two sides will encourage industry and businesses in both countries to take lead in exploiting opportunities in healthcare, tourism, information technology, agriculture, blue economy and energy.