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Remarks: Joe Biden Meets with William Ruto of Kenya and Business Leaders - May 22, 2024

  • Joe Biden
    Person
  • William Ruto
    Person
Very Positive

Joe Biden

Very Positive
00:00:00-00:00:17 (18 sec)
Secretary Raimondo, thank you for the update you gave us. And I want to thank all the folks around this table for prioritizing a partnership that I think is really, really important and wi- -- and will deliver dividends for both our countries. 1

Joe Biden

Somewhat Positive
00:00:17-00:00:23 (5 sec)
And finally, Mr. President, I can't thank you -- think of a better way to kick off this visit. 2

Joe Biden

Very Positive
00:00:23-00:00:43 (20 sec)
When I visited Nairobi as vice president, I said that the true strength of -- of Kenya was its people and the students, workers, founders, activists, in- -- innovators, entrepreneurs, and so many people like you who really do -- do depend on democracy and support democracy. 3

William Ruto

Somewhat Positive
00:00:43-00:00:43 (1 sec)
Thank you. 4

Joe Biden

Very Positive
00:00:43-00:01:02 (18 sec)
And today, as we honor 60 years of ties between our countries, it's clear that our people are the true strength of this partnership and a -- and a partnership that's working well. Nowhere is it more important than in the realm of innovation. That's why we have so many business leaders around this table. 5

Joe Biden

Very Positive
00:01:02-00:01:27 (26 sec)
From Silicon Valley to Silicon Savannah, our people have brought us forward and they've pioneered new technologies that are transforming millions of lives -- I mean, literally, millions of lives and is going to go beyond that. And we've invested in new industries that have generated billions of dollars economically, and they've created new opportunities that have lifted up our countries across both our continents. 6

Joe Biden

Somewhat Positive
00:01:27-00:01:48 (21 sec)
And our people and our innovators have also brought together -- we are all excited about this. I mean, I've not seen my team so excited about a visit in a long time. And I think it's all because of the American companies that are here, but -- oh, I'm only kidding. [Laughter] 7

Joe Biden

Very Positive
00:01:48-00:02:12 (24 sec)
As -- and, President, as you and I discussed -- and we'll discuss tomorrow -- we're launching a new era of technolog- -- technological cooperation between Kenya and America, including new exchanges and investments in key fields of cybersecurity, artificial intelligence, and semiconductors. And this progress is thanks in large part to the leaders around this table. 8

Joe Biden

Very Positive
00:02:12-00:02:25 (13 sec)
So, my message is really straightforward and simple. Thank you, thank you, and keep it up. We're going to see more technological change in the next 10 years -- I've been saying this for a long time, and I mean it -- than we've seen in the last 50 years. 9

Joe Biden

Very Positive
00:02:25-00:02:52 (27 sec)
And we need your help to seize th- -- this moment. We really do. And we need your oppor- -- we need you to help us find opportunities to bring the public and private sectors together. And we need you to help us strengthen the supply chains and industries of the future, including clean energy and e-commerce as well. And we need you to keep investing in the diversity of our democracies, which will make this innovation possible. 10

Joe Biden

Very Positive
00:02:52-00:03:03 (12 sec)
So, in return, I promise we'll prioritize technological partnerships between our countries. And as Ambassador Whitman -- and, by the way, she's smarter than I am. [Laughter] She's handling everything. 11

Joe Biden

Very Positive
00:03:03-00:03:20 (17 sec)
I was amazed. We had a meeting earlier. I'm going to -- this is ad libbing -- but she sat there, and she had more statistical data to spout off without any piece of paper in her hand. It amazed me. I don't know. It reminded me of my sister. [Laughter] 12

Joe Biden

Positive
00:03:20-00:03:39 (19 sec)
But -- [laughs] -- but, look, I think we really can seize the moment. In return, I think, as I said, we're going to prioritize the technological partnership between our countries and -- and the former ma- -- CEO -- who was also a former CEO, is going to make sure that happens. 13

Joe Biden

Very Positive
00:03:39-00:03:46 (7 sec)
And Vice President Harris is already building a new public-private partnership to increase investments in innovation. 14

Joe Biden

Very Positive
00:03:46-00:04:01 (15 sec)
And because our cooperation matters, it's not just for our own people but for people around the world. If this relationship continues to grow, as it is, I think it benefits not only the United States and Kenya but will lead and will have positive benefits literally around the world. 15

Joe Biden

Very Positive
00:04:01-00:04:12 (12 sec)
So, thank you again for being here. And I look forward to working with you, and -- and, you know, we'll keep investing in the true strengths of our nations, our people, and -- in the years ahead. 16

Joe Biden

Unknown
00:04:12-00:04:27 (14 sec)
And with that, Mr. President, I'm going to turn it over to you. 17

William Ruto

Very Positive
00:04:27-00:04:44 (17 sec)
Okay. Thank you very much. Thank you very much, Mr. President. And on behalf of my delegation and I, to, in a very special way, thank you for extending an invitation to me to undertake this state visit. 18

William Ruto

Very Positive
00:04:44-00:05:05 (20 sec)
I bring you very warm greetings from the people of Kenya and our brothers and sisters from across the continent. And I undertake this state visit from the background of 60 years of solid friendship between the United States and Kenya. 19

William Ruto

Unknown
00:05:05-00:05:35 (31 sec)
And specifically, Mr. President, on the subject we are driving today here on the digital space, on technology, and -- and the whole space around investment, trade, and the relationship that we have managed to build over the years to confirm to you that Kenya is a young tech country. 20

William Ruto

Unknown
00:05:35-00:05:57 (21 sec)
And as you have said correctly, we have spent a lot of time working with our technology companies, our technology investors. We've had twinning relationships between Silicon Savannah in Kenya and Silicon Valley in the U.S. 21

William Ruto

Very Positive
00:05:57-00:06:18 (21 sec)
And this meeting is about what we can do together around digital jobs, business process, outsourcing, research and development. And, Mr. President, one very important aspect is the CHIPS Act, which hopefully we will be able to have a conversation about in the coming days. 22

William Ruto

Very Positive
00:06:18-00:06:49 (30 sec)
And your excellency, it speaks to the wealth of opportunity that exists between Kenya and the United States. Our young population -- talented, educated, innovative -- and American technology that is cutting edge and investment capital and investors that are hungry for opportunities not just in Kenya but in our continent is a perfect match for this moment. 23

William Ruto

Very Positive
00:06:49-00:06:58 (9 sec)
I think we have a historic moment to explore investment opportunities between Kenya and the United States. 24

William Ruto

Very Positive
00:06:58-00:07:16 (19 sec)
And, Mr. President, under your leadership, we believe that as we celebrate these 60 years of relationship between our two countries, we also celebrate the opportunities that come with a friendship that exists between our two countries. 25

William Ruto

Very Positive
00:07:16-00:08:03 (47 sec)
And as you have said correctly, the space around artificial intelligence, space around cybersecurity, and investments that come with it, we are expanding our footprint in the digital space. We are rolling out 100,000 kilometers of fiber optic in Kenya and connecting every ward and every village to fiber by backbone to make sure that e-commerce, digital jobs, and digital learning, we can access to every child in Kenya. 26

William Ruto

Very Positive
00:08:03-00:08:36 (33 sec)
And we are very proud that we are going to work with American companies last month. Secretary Raimondo was in Kenya. And we agreed with her on the kind of investments, the level of investment, the type of investment that needs to be fashioned between our two sides. And my being here today is a confirmation that we are moving from ideas into action and from opportunities into investments. 27

William Ruto

Very Positive
00:08:36-00:08:54 (18 sec)
And, hopefully, we will be able to sign off some of those investments. We have semiconductor companies here from Kenya. We have large corporates -- fintech corporates in Kenya, one of them M-PESA. And we are going to be discussing the opportunities in that space. 28

William Ruto

Unknown
00:08:54-00:09:05 (11 sec)
And I look forward, Mr. President, to consummating some of the discussions around this table into concrete investments going into the future. 29

Joe Biden

Unknown
00:09:05-00:09:08 (3 sec)
Looking forward to it. 30

Joe Biden

Somewhat Positive
00:09:08-00:09:11 (3 sec)
Thank you, all. 31