Browsing: East Africa Trade

Kenya, Tanzania and Congo corridors to drive East Africa trade growth by 2035

Investing
  • Kenya-DRC and Tanzania-DRC Corridors have been identified as the key links that will drive East Africa trade.
  • Within the Southern Africa region, higher integration will drive its share of total intra-Africa exports to a third by 2035.
  • The MENA Region and the Middle East-East Africa corridors will also be substantial, with combined trade volume expected to reach almost USD200 billion by 2035.

Increased infrastructure interconnectivity by the African states has been identified as the key driver that will lead to success of the African Continental Free Trade Area (AfCFTA). Kenya-DRC and Tanzania-DRC Corridors have been identified as the key links that will drive East Africa trade.

This comes after members after some member states expressed concern that the African trade system has failed to grow beyond the estimated 14–15 per cent over the last three to four years.

However, prospects are now positive that intra-Africa trade will grow 3.9 per…

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East Africa: The hub for African trade

Industry and Trade
Economies of East Africa (www.theexchange.africa)
The Kenyan
–
Uganda border of Malaba. It is one of the businesses in the East Africa
region
For years, the East African Community (EAC) struggled with divisions among member states mainly on key trade agreements slowing down the region from achieving a full working common market.
Countries have been playing protectionism targeted mainly at protecting local industries, with fallouts witnessed among states.
Kenya, Uganda and Tanzania have had their fair share of the trade wars with both tariff and non-tariff barriers affecting regional integration.
Poor infrastructure in some parts of the region has also been affecting easy movement of trade volumes while businesses have suffered lack of enough capital to do trade.
However, recent developments have set the region for growth both on intra-EAC trade, continental trade and of course international trade.
Over the course of 2022, there has been progress on the East African Community’s Common External Tariffs
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