Trade Mark East Africa (TMA) will today receive a grant of 9.8 million Euros (over Sh1 billion) from the government of Finland to enhance trade and economic integration in the region.
TMA is funded by a range of development agencies with the aim of enhancing prosperity in the East African Community (EAC) through trade.
“We believe that enhanced trade contributes to economic growth, a reduction in poverty and subsequently increased prosperity,” TMA said. The grant signatories will be Finland ambassador to Kenya Tarja Fernandez and TMA chief executive Frank Matsaert.
TMA has been working with EAC institutions, governments, the private sector and civil society organisations to increase trade by unlocking economic potential through increased physical access to markets.
In December last year, TMA signed a Sh150 million agreement with East African Tea Trade Association (EATTA) to automate tea trading at the Mombasa auction.
