Browsing: Africa free Continental Trade Area

PGM Dan Kagwe and KAM CEO Phyllis Wakiaga. They have signed an agreement that will see them better tap opporyuinities offered by the AfCFTA. www.theexchange.africa

East African businesses position themselves for intra-regional trade under AfCFTA

Industry and Trade

The lack of harmonised standards, failure to implement the Single African Air Transport Market (Saatm) and the export of raw commodities remain the continent’s biggest obstacles to trade.

In addition, African countries have some of the most rigid visa and work permit requirements, they have multiple testing agencies and erect unnecessary roadblocks for random checks along transport corridors which increases the cost of cross-border trade.

This, eventually, deals a blow to the Micro, Small and Medium Enterprises (MSMEs) which also happen to be the backbone of the continent’s economy.