Browsing: Intra trade

Kenya’s imports from Tanzania grew by nearly 75 percent in the six months to June 2021 compared to 2020 when its exports to Kenya hit a high of USD. 167 million.

This is according to the Chief Executive Officer of the East African Business Council John Bosco Kalis who has also urged the East African Community to eliminate Non Tariff Barriers (NTBs) and finalize the Common External Tariff review.

The CEO has also called for regional vaccination drives to fast track economic resilience and rebound.

A separate report also noted growth in Kenya’s imports from Tanzania.

Data by the Kenya Revenue Authority (KRA) published by the Central Bank of Kenya indicate that Kenya’s imports from Tanzania grew by 70 percent from January 2021 to June 2021, compared to the same period last year.

The statistics also showed that the value of goods ordered by Kenya from Tanzania stood at US$167.5 …

Intra trade in the East African Community has decreased to about 40 per cent due to COVID-19 pandemic measures.

“Intra trade volumes in the EAC have dropped to between 30 and 40 per cent in the past three months. This can be attributed to the restrictions imposed on the movement of cargo trucks from the ports of Mombasa and Dar es Salaam to Malaba, Busia, Mutukula, Rusumo and other border points within the community.” Said Kenneth Bagamuhunda, EAC Director-General, and Customs & Trade.

In 2018, Rwanda imported products worth $134.5 million from Kenya and $2 million from Tanzania while Kenya imported products worth $175.9 million from Tanzania and exported $293.5 million according to the International Trade Centre.

Covid-19 pandemic has seen the significant drop in imports since February due to a range of border measures put in place to curb the spread of the virus.

All EAC partner states have …