East Africa trades more with its African peers than with EU, Asia
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
East African Community (EAC) member states are increasingly trading with one another and with other African countries, while reduce their trade with Europe, Asia, and other parts of the world, shaping the intra-Africa trade dream projected to boost commerce and livelihoods on the continent.
The seven countries in the region (as of last year) increased their trade with the rest of Africa by $584.6 million to $4.3 billion in the fourth quarter of 2023, a 14 percent rise compared with a similar period in 2022, latest data by the EAC Secretariat shows.
