Low trade among African countries a worrying signal
Trucks wait for clearance in Malaba, on the border of Kenya and Uganda. A new report warns trade amongst African nations still remain the lowest globally with a paltry five countries out of 55 carrying out their trade within the continent. PHOTO | BRIAN ONGORO | AFP
Even as three major regional blocs in Africa urge Tanzania, South Sudan and the Democratic Republic of Congo to sign up a trade agreement that will expand their reach, a new report warns trade amongst African nations still remain the lowest globally with a paltry five countries out of 55 carrying out their trade within the continent.
This is despite the implementation of the 1.2 billion-strong market under the continental free trade area (AfCFTA) in January 2021.
