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Transforming African Trade
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As the trade delegation from Kenya accompanied the President to Nigeria this week, manufacturers are upbeat about the efforts by government to open new markets in the African region. Oil rich Nigeria is now the largest economy in Africa with a gross domestic product (GDP) of about $490 billion and a population of over 168 […]
Over the past few years, regional governments have stepped up efforts to improve the business environment and promote cross-border trade. This has involved building of new infrastructure and enacting new business supportive policies. These initiatives were largely responding to traders’ outcry over numerous barriers, like poor roads, delays at border posts and multiplicity of tax […]
Kenya on Friday launched a single electronic system for processing imports and exports, to simplify red tape blamed for holding up trade in the trading hub of the region. Kenya is the main trade gateway to east Africa, through its Indian Ocean port of Mombasa, but traders say it takes too long to get goods […]