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 [...]Highlands Investments Records Largest Cannabis Export: 8.5 Tons to Europe
Highlands Investments, an operator of one of the largest outdoor cannabis grow facilities in Africa, is set to export 8.5 tonnes of its Highlands Pure THC and CBD flower and [...]Kenya's Imports Jump to KSh992 Billion in the Six Months to June 2021
Kenyan imports increased to KSh992 billion in the first six months of 2021 from KSh777 billion in the same period in 2020 as the economy slowly recovered from the covid19-linked [...]Kenya to Start Exporting Avocados to South Korea in March 2022
Trade Cabinet Secretary Betty Maina has announced that Kenya will start exporting avocados to South Korea in March 2022 as part of the country's horticulture business expansion strategy. According to [...]
