Browsing: Intra-Africa’s trade

Africa removing barriers to trade (world Bank)

The African Continental Free Trade Area (AfCFTA) is a free trade area which was founded in 2018, has seen the agreement take effect in January this year.

AfCFTA was created by the African Continental Free Trade Agreement among 54 of the 55 African Union nations. Now Kenyan manufacturers have urged government and relevant agencies to urgently address gaps in trade facilitation following the commencement of trade under the Africa Continental Free Trade Area (AfCFTA).

This was during a webinar on the status of implementation of AfCFTA, hosted by Kenya Association of Manufacturers (KAM) in partnership with National Trade Facilitation Agencies, including Kenya Revenue Authority (KRA), Kenya Bureau of Standards (KEBS) and Kenya Trade Agency (KenTrade).

Speaking during the session, KAM Chair, Mr Mucai Kunyiha, recognized the challenges and opportunities in AfCFTA.

According to the world bank, the AfCFTA presents a major opportunity for African countries to bring 30 million people …