Country: Kenya

TradeMark Africa Receives $63 Million from Netherlands to Advance Sustainable Trade and Economic Inclusivity

Nairobi, 8 February: The Government of the Netherlands, through its Ministry of Foreign Affairs, in a significant boost to global trade development, has announced a $63 million funding to TradeMark Africa, a leading aid-for-trade organisation. This strategic investment will fuel TradeMark Africa's Strategy 3, covering the period till 2030, aimed at driving green, sustainable economic growth, fostering innovative trade practices, and promoting inclusive trade across Africa. This move underscores the Netherlands' commitment to enhancing economic opportunities, job creation and facilitating sustainable trade throughout the continent. Marchel Gerrmann, Ambassador for Business and Development Cooperation at Netherlands Ministry of Foreign Affairs, said: “TradeMark Africa will significantly contribute to a more inclusive and prosperous trade landscape for the African continent, benefitting both African and Dutch businesses." The Netherlands’ contribution will be invested in strengthening trade systems so that they benefit local exporters, foster economic growth, and create sustainable livelihoods across diverse sectors. This investment will be instrumental in improving market access for local products at the global level, in addition to bolstering initiatives that drive innovation, research, and development within the African market, enhancing competitiveness and green trading practices. As part of its Africa Strategy, the Netherlands contributes towards the implementation of the African Continental Free Trade Area (AfCFTA). The AfCFTA is expected to boost intra-African trade over 30% by 2045 and is projected to provide an average extra 2.7% GDP boost across the continent. The AfCFTA could lift 30 million Africans out of poverty by 2035, offering market opportunities to both African...

The East African Community Non-Tariff Barriers Factbook and Toolkit

Understanding non-tariff barriers in the East African Community Non-Tariff Barriers (NTBs) play a significant role in increasing the cost and time of trade or doing business or simply impede trade between or amongst partner states. The East African Community (EAC) Elimination of Non-Tariff Barriers Act 2017 refers to NTBs as laws, regulations, administrative and technical requirements other than tariffs imposed by a Partner State, whose effect is to impede trade. Many of the regulations and technical requirements that affect trade – rising from Non-Tariff Measures (NTMs) – serve legitimate policy objectives to safeguard public health or the environment.  The EAC Elimination of Non-Tariff Barriers Regulations, 2017 highlights that one aspect of what makes an NTM an NTB is whether a “measure is discriminatory and restricts trade directly or indirectly. This factbook and toolkit provides an overview of the various categories of NTBs, why NTBs are harmful and how to identify, report and monitoring the resolution of NTBs in EAC context.

Launch of Port Projects in Kenya’s Lake Region to Catalyse East Africa’s Regional Trade and Integration

The Government of Kenya's commitment to fast-track the construction of the Homa Bay Pier and other trade facilitation initiatives along the shores of Lake Victoria is expected to spur regional trade by reducing the time and costs of doing business. During his recent 4-day visit to the Nyanza region, Kenya's President, William Ruto, launched several infrastructure and logistics projects, including commissioning of the newly built MV Uhuru II cargo ship at the Kisumu Shipyard, construction of the Homa Bay pier, and several roads slated for an upgrade to bitumen standards. These projects are proof of the productive partnerships between the Kenyan government and its development partners, aimed at enhancing digital and physical infrastructure, thereby boosting efficiency in trade and transport sectors. The pier, a structure extending from the shoreline into the lake, will facilitate the loading and unloading of cargo from ships. It is part of a series of efforts to enhance the connectivity of Kisumu in Kenya to Entebbe and Jinja in Uganda, and Mwanza in Tanzania via the lake, deepening trade and transport across the three countries and generating thousands of direct and indirect jobs. The construction of the pier is scheduled for completion in six months and is fully funded by the Kenya Ports Authority (KPA). The design and supervision works are funded by Denmark through TradeMark Africa. Civil works entail the rehabilitation of the causeway and jetty head, the construction of standard buildings, including a waiting lounge and attendant amenities, a cargo warehouse, a perimeter fence,...