Cross-border trade costs ease on EAC, AfCFTA initiatives

Stanbic Bank branch on Kimathi Street Nairobi.

Photo credit: File | Nation Media Group

The cost of accessing regional and continental markets for Kenyan businesses is gradually easing, findings of a survey suggest, citing falling tariffs and customs procedures.

Traders who participated in a survey conducted by top-tier lender, Stanbic Bank, said that the burden of high taxes, infrastructure challenges, political instability, and conflict when buying and selling goods with other African countries was on the decline.

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Note: The results are not exact but very close to the actual.