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Kenya: Uhuru tables his Investment Pitch on high platforms

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As the first official encounter with Trump since Uhuru’s second stint in power, President Uhuru Kenyatta is in the U.S to meet with Donald Trump and executives of top U.S companies to promote Kenya as a preferred investment destination.



Immediately after this visit, the President plans rushing back home to welcome British Prime Minister Theresa May who makes her maiden trip to Africa and is going to be the only visit by a British PM to Kenya since Margaret Thatcher visited Kenya in 1988.

It also comes at a time when both leaders have pet projects they must fulfill before the end of the reign. Uhuru Kenyatta is determined to fulfill a legacy that builds on manufacturing, health, food security and housing, while Theresa May is determined to steer the British economy in post Brexit era

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Incidentally, the main country that has taken away trade from US and Britain marks the next stage for Uhuru to present his case. China has taken over most of the trade the two traditional trading partners used to enjoy. President Uhuru will lead a strong delegation of Kenyans to the Forum on China-Africa Cooperation (FOCAC) Beijing China, where Kenya will seek to seal funding for major projects including the Naivasha- Kisumu-Busia section of SGR railways as well as extra funding for the Lamu Port and Lamu-Southern Sudan-Ethiopia Transport (LAPSSET) project.

Kenya is grappling with a negative balance of trade with all the three partners and at the same time a crippling debt that the country has been warned it would jeopardize the country’s development. Based on this, the country is exploring expanding its foreign trade to boost its kitty and increase wealth. Last month, Kenya launched its international trade strategy as a way of improving trade.

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Samsung to resurface Gear VR device with Galaxy S10

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Samsung spokesperson has expressed that they are ready to resurface a new lineup of Galaxy S10 phones with an improved Gear VR headset. adding that the Gear VR device will contain adapter that will  allow Samsung phones to access the device.



The designed Gear VR can accept several different phone sizes thanks to its spring-loaded catches, it still requires some conscious design effort by Samsung to limit the size and shapes of its phones to fit, and preload a certain amount of software so a Galaxy phone detects that it’s been plugged in.

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However, he admits that the features were improved due to the challenges the users observed on Samsung Note 9, where the user had to contact Samsung to get the adapter and the music of Elton John.

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Meanwhile Samsung  states it hasn’t given up on the brand. Which, to be fair, is also what its partner Oculus disclosed last September, pointing out that $19.9 Oculus Go doesn’t totally compete with the Gear VR, since apps that developers make for either one are 100-percent compatible with the other.

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President Ramaphosa to Sign South African Competition Amendment Bill Into Law

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South African President Cyril Ramaphosa will sign into law today the Competition Amendment Bill, which will strengthen regulations against anti-competitive behaviour in industrial markets.



The bill, which was approved by the National Assembly in October 2018 and endorsed by the National Council of Provinces in December 2018, is a step in the right direction for SMEs, economic inclusion and it opens up the economy to fresh investment and innovation.

It also provides a clear mandate to the competition authorities to address economic concentration in a balanced manner and to promote economic transformation, the Presidency said on Monday.

Additionally, the amended legislation seeks to combat concentration and economic exclusion as core challenges that contribute to slower and less dynamic growth, lower employment and greater inequalities, as well as socio-political conflict.

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The Presidency said this will enable a more effective approach to concentration, with a focus on improving outcomes for small and black-owned business, and strengthen the institutions involved in managing competition policy and law.

The signing ceremony will take place this afternoon at the Tuynhuys Chambers in Parliament. Economic Development Minister Ebrahim Patel, who campaigned fiercely for the bill’s codification, will join the ceremony along with a group of stakeholders.

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