Browsing: Coast to coast economic bloc

The signed trade deals between the DRC and Kenya. East African authorities and citizens are working hard to make the coast to coast economic bloc strong and long-lasting.

For starters, this is good news for the landlocked countries. It means that the landlocked countries in the EAC including Uganda, Burundi, Rwanda and South Sudan now have another coastal gateway away from the East African one in Kenya and Tanzania.

In addition, all the partner states have better bargaining power when it comes to trading with other blocs on the continent or internationally.
With the African Continental Free Trade Area (AfCFTA), the deal gets even sweeter.

Continent-wide, fully implementing the AfCFTA will increase intra-African trade with the elimination of duties. Projections show that by just reducing non-tariff barriers (NTBs), intra-African trade could double.…