Tuesday, June 9

With roughly 80% of transactions on the continent still rely on legacy USSD technology, BCG’s Associate Director Kitso Lemo outlines how shifting to API-driven, AI-first telcos model will unlock the next wave of fintech growth. Successful AI integration isn’t just hype, it represents a projected…

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Kenya Tanzania GMO

It is important to take a clear view of the past to understand the complexities of the future. In this case, the trade relations issues of the past between Kenya and Tanzania showcase how these nations have much work to do.

In June 2022, Kenya pointed out that its trading partner—Tanzania doubled the cost of export permits by almost 93 per cent, which could spark another set of disputes with the Kenyan government.

This scenario impacted trucks transiting into Kenya with precious and expensive cargo—amid the new requirement demand. Hundreds of trucks were left stranded at the border.

In 2020, Tanzania brought another set of issues, arguing that its trade partner Kenya used zero-rated industrial sugar imports to produce various products. Hence, concerning this, Tanzania imposed a 25 per cent import duty on Kenyan confectionery, including chocolate, chewing gums, sweets, ice cream and juice.

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