Kenya Ethiopia Seal Deal for Free Trade Area
Kenya and Ethiopia have sealed a deal for a free trade area, seeking to enhance cross-border trade and movement of people. The two countries signed the Moyale One Stop Border [...]
AfDB Approves $50 Million for StanChart to Boost Intra-African Trade
The African Development Bank Group (AfDB) board has approved a $50 million Trade Finance Unfunded Risk Participation Agreement (RPA) facility with Standard Chartered Bank. The agreement seeks to boost intra-Africa [...]Kenya's 2020 Exports to EAC Hit $1.44 Billion
Kenya’s 2020 exports to the East African Community (EAC) rose by 12.7% to hit $1.44 billion (KSh158.3 billion), an increase from $1.28 billion (KSh140.4 billion) in 2019, accounting for 64.3% [...]How Covid-19 pandemic has disrupted commerce
Covid-19 has significantly altered certain human social behaviors. For instance, it is now seen to be perfectly okay to ignore someone. You would be pushing it if you ask for [...]Tanzania Ratifies the AFCTA Treaty
Tanzania has ratified the agreement establishing the African Continental Free Trade Area (AfCFTA), joining a pact connecting countries with a total gross domestic product of $3.4 trillion. AFCTA was first [...]Kenya's Current Account Deficit Widens to 5.4% of GDP in July
Kenya's Current Account deficit increased to 5.4% of the GDP in the 12 months to July 2021 compared to 4.9% of the GDP in the12 months to July 2020 according [...]
Somalia Traders to Benefit from New Trade Information Portal
Somalia, with the help of the International Finance Corporation (IFC), has created a trade information portal that will lower costs and simplify trade procedures for Somali importers and exporters. Traders [...]Kenya Launches Web Portal to Attract Investments in Special Economic Zones
The Ministry of Industrialization, Trade and Enterprise Development and the Special Economic Zones (SEZ) Authority recently launched a web portal where current and potential investors will access key information such [...]Kenya Pakistan Agree to Remove Non-Tariff Barriers
Kenya and Pakistan have agreed to remove non-tariff barriers, ending a long-standing tariff war that hurt trade between the two countries. The attestation fee has officially been removed, effective August [...]EAC Comesa Seek a Cross-Border Digital Payments Platform
The East African Community (EAC) member-states and Comesa are looking to introduce a digital payment system for informal cross-border trade within the Comesa bloc, with Tanzania, Kenya, Uganda and Rwanda [...]Kenya Seeks Removal of Duty for Exports to South Korea
Kenya is eying duty-free access to South Korea, targeting coffee, tea, mate and spices, which attract an 8% duty, as the benchmark in growing its share of the Korean market. [...]Kenya’s External Trade Hits KSh1.4 Trillion in H1 2021
Kenya’s external trade value hit KSh1.4 trillion in H1 2021, a 24.3% increase from KSh1.094 trillion in H1 2020. The rise in external trade is attributed to a rebound in [...]
