Kenya


This will be a game-changer for African free trade

The AfCFTA is a vote of confidence in the value of international economic integration when trade conflicts are rife globally, writes Bohani Hlungwane The countdown has begun towards the “go-live” date of the African Continental Free Trade Area (AfCFTA) on 1 July 2020, which will potentially be a game changer for the continent, with its consumer market of 1.2 billion people with a combined GDP of $2.5 trillion (R37...

Read More

Kenya forcing importers to use costly new Chinese railway, businessmen say

Kenya forcing importers to use costly new Chinese railway, businessmen say

By Duncan Miriri Dec 3 2019 / Reuters MOMBASA, Kenya (Reuters) – Kenya’s new Chinese-built railway should have been a boon for business. The $3.3 billion line sliced hours off the journey from the port city of Mombasa to the capital, Nairobi. But some importers said their transport costs shot up by nearly 50% when they used the rail due to extra fees, more time spent clearing goods at...

Read More