Browsing: EAC Passport

• Region economic communities such as East African Community (EAC) are opening doors for citizens to expand their hands across various economic opportunities.
• The movement of people over space and time is the bloodline of the modern world’s economies.
• South Africa, Africa’s highest ranked passport, was position 54 globally with South Africans having visa-free access to 106 nations.

A recent World Economic Forum (WEF) report revealed that an American passport holder can access 43 percent of the global GDP without a visa while a United Arab Emirates (UAE) passport gives access to 70 percent of the global GDP.

In contrast, the Nigerian (top African economy) passport holder can access 20 percent of the world, equivalent to 1.5 percent of the global GDP. The measure of access is a wake-up call on assessing strategies and measures regarding the movement of people over space and time in Africa.

Since the launch of the …

Africa is huge continent with untapped potential. With the rest of the world opening up for the best international trade and travel relations, Africa is learning and following the same path, with countries such as Uganda, Kenya and Rwanda easing entry restrictions by issuing visa on arrival and hence turning themselves towards open borders opportunities as members of the East African Community (EAC). 

Unrestricted movement of people and goods between African countries holds the key to unlocking this trade potential. That is why trade analysts are touting the African Continent Free Trade Area (AfCTA) as a game changer in inter-Africa trade.  

According to United Nations Conference on Trade and Development (UNCTAD), Intra-African trade is currently low at 14.4 percent of total African exports. UNCTAD estimates that the AfCFTA could boost intra-African trade by about 33 percent and cut the continent’s trade deficit by 51 percent.

The possibility of more open …