Kenya is set to lose customs taxes totalling Sh10 billion or 0.6 percent of last year's government revenues once the Africa Continental Free Trade Area (AfCTA) takes effect this year in July, a newly released UN report shows.
The report produced jointly by the United Nations Economic Commission for Africa (UNECA) and Trademark East Africa (TMEA) however shows that East Africa as a whole will earn Sh180 billion in welfare gains and benefits as the successful implementation of free trade deal will create 2 million jobs.
