Small firms say AfCFTA tariff liberalisation may push them out of business
Members of the Long Distance Truck Drivers and Allied Workers Union park their trucks as they wait to proceed with their journeys at Bonje in Mombasa County, Kenya. PHOTO | FILE | NMG
Business and Technology Reporter in Nairobi, Kenya
Nation Media Group
The African Continental Free Trade Area (AfCFTA) is expected to significantly boost intra-Africa trade when fully implemented, but small businesses in East Africa are not happy about it, as it may not bode well for them.
A survey by the East African Business Council (EABC), a lobby for private-sector players in the East African Community (EAC), shows that small businesses in the region are worried that a full take-off of AfCFTA could edge them out of business, unless they change tack.
