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Kenya continues to show other African countries the blueprint for intercontinental trade
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#regional trade
Kenya's trade surplus hit a new high for the first time in six years.
The gap between exports and imports increased to KSh88.3 billion ($667.9 million) last year from KSh80.49 billion ($608.82 million) the previous year.
A train linking Tanzania to Kenya is presently in the works, and this transport network is being designed to reduce logistics and trade tariffs between both nations.
The trade surplus between Kenya and other African countries has increased at the fastest rate in six years, with the gap between exports and imports growing to KSh88.3bn ($667.9m) in 2022. Kenyan President William Ruto has urged Kenya's Trade Cabinet Secretary to lead negotiations for a proposed free trade zone involving the East African Community (EAC), Common Market for Eastern and Southern Africa (Comesa), and Southern African Development Community (SADC) countries. Kenya, alongside seven other countries including Ghana and Tanzania, is also making a concerted push to increase trade under the African Continental Free Trade Agreement.
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